Valkyrie Bitcoin and Ether Strategy ETF

The Fund seeks to provide investors with capital appreciation. There can be no assurance that the Fund will achieve its investment objective. The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing all or substantially all of its assets in exchange-traded futures contracts on bitcoin and Collateral Investments (as defined below). The Fund will not directly invest in bitcoin. Under normal circumstances, the Fund will seek to purchase a number of bitcoin futures contracts so that the total notional value (i.e., the total value of the bitcoin underlying the futures contracts) of the bitcoin underlying the futures contracts held by the Fund is as close to 100 Pecent of the net assets of the Fund as possible.