Bitcoin Reference Rate definition

Bitcoin Reference Rate or “BRR” refers to the published Chicago Mercantile Exchange Bitcoin Reference Rate (BRR), that is updated daily at 10:01 am CT, and is used for calculating the price of Bitcoin for Performance Fee and Cost Calculations.
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Bitcoin Reference Rate means the CME CF BRR or, if the CME CF BRR ceases to be published, the rate determined in accordance with the cascading rules set forth in Section 9.5(c).
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Bitcoin Reference Rate means the CME CF BRR.
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Examples of Bitcoin Reference Rate in a sentence

  • VALKYRIE BITCOIN FUND The Investment Objective of the Valkyrie Bitcoin Fund is for the Shares to reflect the performance of the value of a bitcoin as represented by the CME CF Bitcoin Reference Rate - New York Variant (the “Index”), less the Trust’s liabilities and expenses.