9Suppliers
19Customers
0Debt Items
20Related Chains

Source-Backed Evidence Depth

CoinShares Bitcoin ETF (BRRR) is shown with relationship data already present in ChainSifter's database. Counts below come from stored supply-chain records and filing/source URLs where available; missing source URLs are not filled in or estimated.

29Total relationships
3Distinct source URLs
15High confidence
0.770Average confidence
2026-09-13Latest database update
ChainSifter does not infer unreported suppliers, customers, ownership, acquisitions, debt exposure, revenue dependency, or future supply-chain events on this public page.

CoinShares Bitcoin ETF Suppliers

TickerNameConfidenceEvidence
U-S-BANCORP-FUND-SERVICES-LLC U-S-BANCORP-FUND-SERVICES-LLC 92% U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services ("Fund Services"), an indirect subsidiary of U.S. Bancorp, serves as the Trust's fund accountant, fund administrator …
U-S-BANK-N-A U-S-BANK-N-A 92% U.S. Bank N.A., a subsidiary of U.S. Bancorp and parent company of Fund Services, serves as the Trust's cash custodian pursuant to a custody agreement.
BITGO-TRUST-COMPANY-INC BITGO-TRUST-COMPANY-INC 90% Coinbase Custody Trust Company, LLC ("Coinbase"), BitGo Trust Company, Inc. ("BitGo"), and Komainu (Jersey) Limited ("Komainu" and collectively with Coinbase and BitGo, the "Custodians") are the cust…
COINBASE-CUSTODY-TRUST-COMPANY-LLC COINBASE-CUSTODY-TRUST-COMPANY-LLC 90% Coinbase Custody Trust Company, LLC ("Coinbase"), BitGo Trust Company, Inc. ("BitGo"), and Komainu (Jersey) Limited ("Komainu" and collectively with Coinbase and BitGo, the "Custodians") are the cust…
KOMAINU-JERSEY-LIMITED KOMAINU-JERSEY-LIMITED 90% Coinbase Custody Trust Company, LLC ("Coinbase"), BitGo Trust Company, Inc. ("BitGo"), and Komainu (Jersey) Limited ("Komainu" and collectively with Coinbase and BitGo, the "Custodians") are the cust…
PARALEL-DISTRIBUTORS-LLC PARALEL-DISTRIBUTORS-LLC 90% Paralel Distributors LLC is the marketing agent of the Trust (the "Marketing Agent"),
COINBASE-INC COINBASE-INC 85% Coinbase, Inc., an affiliate of Coinbase, is the prime broker of the Trust (the "Prime Broker"),
USB-PP U.S. Bancorp 72% Reciprocal relationship from USB-PP graph: Reciprocal relationship from BRRR graph: Reciprocal relationship from USB-PP graph: Reciprocal relationship from BRRR graph: al statements. 23 CoinShares Va…
USB-PP U.S. Bancorp 72% al statements. 23 CoinShares Valkyrie Bitcoin Fund Statements of Changes in Net Assets For the Year Ended December 31, 2024 For the Period December 21, 2023 (date of seed audit) through December 31, …

CoinShares Bitcoin ETF Customers

TickerNameConfidenceEvidence
BITGO-PRIME-LLC BITGO-PRIME-LLC 90% As of January 31, 2026, the Bitcoin Trading Counterparties approved by the Sponsor are BitGo Prime LLC, Coinbase Inc., Cumberland DRW LLC, JSCT LLC, Foris DAX, Inc., and Payward Inc. dba Kraken.
COINBASE-INC COINBASE-INC 90% As of January 31, 2026, the Bitcoin Trading Counterparties approved by the Sponsor are BitGo Prime LLC, Coinbase Inc., Cumberland DRW LLC, JSCT LLC, Foris DAX, Inc., and Payward Inc. dba Kraken.
CUMBERLAND-DRW-LLC CUMBERLAND-DRW-LLC 90% As of January 31, 2026, the Bitcoin Trading Counterparties approved by the Sponsor are BitGo Prime LLC, Coinbase Inc., Cumberland DRW LLC, JSCT LLC, Foris DAX, Inc., and Payward Inc. dba Kraken.
FORIS-DAX-INC FORIS-DAX-INC 90% As of January 31, 2026, the Bitcoin Trading Counterparties approved by the Sponsor are BitGo Prime LLC, Coinbase Inc., Cumberland DRW LLC, JSCT LLC, Foris DAX, Inc., and Payward Inc. dba Kraken.
JSCT-LLC JSCT-LLC 90% As of January 31, 2026, the Bitcoin Trading Counterparties approved by the Sponsor are BitGo Prime LLC, Coinbase Inc., Cumberland DRW LLC, JSCT LLC, Foris DAX, Inc., and Payward Inc. dba Kraken.
PAYWARD-INC-DBA-KRAKEN PAYWARD-INC-DBA-KRAKEN 90% As of January 31, 2026, the Bitcoin Trading Counterparties approved by the Sponsor are BitGo Prime LLC, Coinbase Inc., Cumberland DRW LLC, JSCT LLC, Foris DAX, Inc., and Payward Inc. dba Kraken.
BITCOIN-HOLDINGS BITCOIN-HOLDINGS 85% t’s Bitcoin Holdings per Share will fluctuate with changes in the market value of the Trust’s assets. The trading price of the Shares will fluctuate in accordance with changes in the Trust’s Bitcoin …
AS-PRIME-BROKER-COINBASE-INC AS-PRIME-BROKER-COINBASE-INC 62% or indirectly from any cause or condition beyond the reasonable control of BitGo, including, but not limited to, any delay or failure due to an act of God, natural disasters, act of civil or military…
BRRR-THE-NASDAQ-STOCK-MARKET-LLC BRRR-THE-NASDAQ-STOCK-MARKET-LLC 62% out of the reviews. Furthermore, if an incident occurs that is determined to be in violation of the cybersecurity program, there shall be an immediate mandatory post-incident review of events and act…
CEA-THE-INVESTMENT-COMPANY CEA-THE-INVESTMENT-COMPANY 62% mers with respect to digital assets held on their behalf by third parties are relatively untested in a bankruptcy or receivership proceeding of an entity such as either Custodian, in the event of an …
CELSIUS-NETWORK-VOYAGER-DIGITAL-LTD CELSIUS-NETWORK-VOYAGER-DIGITAL-LTD 62% drawdowns have occurred multiple times throughout bitcoin’s history, including, for example, in 2011, 2013-2014, and 2017-2018, before repeating again in 2021-2022. From 2022 through 2025, bitcoin pr…
CF-BENCHMARKS-LTD CF-BENCHMARKS-LTD 62% ans (the Vault Accounts”) are required to be segregated from both the assets held by the Custodians as principal and the assets of other customers of each of the Custodians. A portion of the Trust’s …
CME CME Group Inc. 62% Reciprocal relationship from CME graph: Reciprocal relationship from BRRR graph: Reciprocal relationship from CME graph: Reciprocal relationship from BRRR graph: Reciprocal relationship from CME grap…
CME-GROUP CME-GROUP 62% may be required to register and comply with such regulations, which could result in extraordinary, recurring and/or nonrecurring expenses to the Authorized Participant or increased commissions for th…
COIN Coinbase Global, Inc. 62% Reciprocal relationship from COIN graph: Reciprocal relationship from BRRR graph: or indirectly from any cause or condition beyond the reasonable control of BitGo, including, but not limited to, any …
COIN Coinbase Global, Inc. 62% e Prime Broker. These and the other limitations on the Prime Broker’s liability may allow it to avoid liability for potential losses or may be insufficient to cover the value of such potential losses…
FTX-TRADING-LTD FTX-TRADING-LTD 62% drawdowns have occurred multiple times throughout bitcoin’s history, including, for example, in 2011, 2013-2014, and 2017-2018, before repeating again in 2021-2022. From 2022 through 2025, bitcoin pr…
GENESIS-GLOBAL-CAPITAL-LLC GENESIS-GLOBAL-CAPITAL-LLC 62% drawdowns have occurred multiple times throughout bitcoin’s history, including, for example, in 2011, 2013-2014, and 2017-2018, before repeating again in 2021-2022. From 2022 through 2025, bitcoin pr…
SECURITIES-INVESTOR-PROTECTION-CORPORATION SECURITIES-INVESTOR-PROTECTION-CORPORATION 62% ith the Trust’s orders to sell bitcoin in connection with payment of Trust expenses not assumed by the Sponsor. If the Prime Broker were to experience financial distress or its financial condition is…

CoinShares Bitcoin ETF Debt Obligations

No debt relationships on recordNo publicly disclosed debt instruments or credit facilities found for CoinShares Bitcoin ETF.

CoinShares Bitcoin ETF Acquisitions

No acquisitions on recordNo completed or pending acquisitions found in our database for CoinShares Bitcoin ETF.

CoinShares Bitcoin ETF Ownership

HolderNameConfidenceEvidence
BRRR-OWNER-MAREX-GROUP-PLC Marex Group plc 90% 13F overlay lists Marex Group plc as top holder; 17 tracked holders.

CoinShares Bitcoin ETF Extended Supply Chain Network

TickerNameChain IndexHopsRelationship Types
EZPZ Franklin Crypto Index ETF 100.00 2
TASK TaskUs, Inc. 100.00 2
OBTC Osprey Bitcoin Trust 100.00 2
HZEN Grayscale Horizen Trust (ZEN) 100.00 2
CME CME Group Inc. 100.00 1 ['customer']
HOOD Robinhood Markets, Inc. 100.00 2
GXLM Grayscale Stellar Lumens Trust (XLM) 100.00 2
USB-PP U.S. Bancorp 100.00 1 ['supplier']
SOLC Canary Marinade Solana ETF 100.00 2
CRNT Ceragon Networks Ltd. 50.00 2
CBRE CBRE Group, Inc. 50.00 2
BTCO Invesco Galaxy Bitcoin ETF 50.00 2
XXI Twenty One Capital, Inc. 50.00 2
BLSH Bullish 50.00 2
CAMT Camtek Ltd. 50.00 2
ENLT Enlight Renewable Energy Ltd 50.00 2
CNTA Centessa Pharmaceuticals plc 50.00 2
CIM Chimera Investment Corporation 50.00 2
ASST Strive Asset Management, LLC 50.00 2
HUT Hut 8 Corp. 50.00 2
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BRRR
Unlock BRRR Supply Chain Data
Verified relationships include:
U-S-BANCORP-FUND-SERVICES-LLCU-S-BANCORP-FUND-SERVICES-LLCSupplier92%
U-S-BANK-N-AU-S-BANK-N-ASupplier92%
BITGO-PRIME-LLCBITGO-PRIME-LLCCustomer90%
COINBASE-INCCOINBASE-INCCustomer90%
+25 more relationships locked
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