This exchange-traded product, known as the Invesco Galaxy Bitcoin ETF (or "the Trust"), provides common shares of beneficial interest ("Shares") that are listed and traded on the Cboe BZX exchange under the ticker "BTCO." Its core purpose is to replicate the market performance of bitcoin's spot price, which is determined by the Lukka Prime Reference Rate (serving as its benchmark), after factoring in the Trust's operating costs and any other liabilities.