AMENDMENT NO. 1 TO DECLARATION OF TRUST AND TRUST AGREEMENT OF GALAXY BITCOIN ETF

Exhibit 3.2

AMENDMENT NO. 1 TO DECLARATION OF TRUST AND TRUST AGREEMENT

OF

GALAXY BITCOIN ETF

The parties to the TRUST AGREEMENT, dated March 31, 2021 (the “Trust Agreement”), among GALAXY DIGITAL FUNDS LLC, GALAXY DIGITAL LP (solely with respect to Section 3 of the Trust Agreement), and DELAWARE TRUST COMPANY (the “Trustee”), as well as INVESCO CAPITAL MANAGEMENT LLC hereby agree, pursuant to Section 8 of the Trust Agreement, (1) to change the name of Galaxy Bitcoin ETF to “Invesco Galaxy Bitcoin ETF”; (2) to change the sponsor from Galaxy Digital Funds LLC to Invesco Capital Management LLC; and (3) that the obligations of Galaxy Digital LLP outlined in Section 3 of the Trust Agreement will be assumed by Invesco Capital Management LLC.

Effective as of the date below, the parties to the Trust Agreement shall hereafter be Invesco Capital Management LLC and Delaware Trust Company.

IN WITNESS WHEREOF, the undersigned have executed this instrument this 20^th day of September, 2021.

DELAWARE TRUST COMPANY, as Trustee
By:		/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
		Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
		Title: Assistant Vice President
GALAXY DIGITAL FUNDS LLC, as Sponsor
By:		/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
		Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
		Title: Authorized Signatory
GALAXY DIGITAL LP, solely with respect to Section 3
By:		Galaxy Digital GP LLC, its general partner
By:		/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
		Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇
		Title: Authorized Signatory
INVESCO CAPITAL MANAGEMENT LLC
By:		/s/ ▇▇▇▇ ▇▇▇▇▇▇
		Name: ▇▇▇▇ ▇▇▇▇▇▇
		Title: Chief Executive Officer