---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-001339"
form_type: "8-K"
ticker: "BRRR"
cik: "0001841175"
company_name: "CoinShares Bitcoin ETF"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:27:04.689172+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Valkyrie Bitcoin Fund adds BitGo as second bitcoin custodian alongside Coinbase

## Summary
- Entered Custodial Services Agreement with BitGo Trust Company on Jan 17, 2024 to custody a portion of the Trust's bitcoin holdings.
- Agreement runs one year, auto-renews; requires BitGo to maintain insurance covering theft of private keys and insider dishonesty.
- Existing custody arrangement with Coinbase Trust Company unaffected; both custodians will be used going forward.
- Trust indemnifies BitGo against certain losses; BitGo may terminate immediately if legal or regulatory non-compliance risk perceived.

## SEC filing metadata
- accession: 0001999371-24-001339
- form_type: 8-K
- ticker: BRRR
- cik: 0001841175
- company_name: CoinShares Bitcoin ETF
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841175/000199937124001339/0001999371-24-001339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841175/000199937124001339/brrr-8k_020124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-001339
- JSON: https://secwatch.observer/filing/0001999371-24-001339.json
- Plain text: https://secwatch.observer/filing/0001999371-24-001339.txt

## Key facts
- Material Agreements
  CoinShares Bitcoin ETF entered into Custodial Services Agreement with BitGo Trust Company, Inc. valued at Custodial Services Agreement between Valkyrie Bitcoin Fund and BitGo Trust Company, Inc. dated Janua (effective 2024-01-17).
  - Action: entry
  - Counterparty: BitGo Trust Company, Inc.
  - Value: Custodial Services Agreement between Valkyrie Bitcoin Fund and BitGo Trust Company, Inc. dated Janua
  - Effective: 2024-01-17
  source text: On January 17, 2024, Valkyrie Bitcoin Fund (the "Trust") and BitGo Trust Company, Inc. ("BitGo"), a South Dakota trust company duly organized and chartered under the South Dakota Banking Law, entered into a Custodial Services Agreement (the "Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841175/000199937124001339/0001999371-24-001339-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.