Holdings are subject to change. Current and future holdings are subject to risk.

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Investing involves risk, including possible loss of principal. There can be no assurance that the fund will achieve its investment objective.

Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1.844.282.3837 (1.844.BTC.ETFs) or visit our website at www.cyberhornetetfs.com. Read the prospectus or summary prospectus carefully before investing.

To access ONEFUND’s full voting record for BBB (known as Form N-PX filings) with the U.S. Securities and Exchange Commission, click here.

Important Risk Information

Bitcoin and Bitcoin futures contracts are relatively new investments. They are subject to unique and substantial risks, and historically, have been subject to significant price volatility. The value of an investment in the Fund could decline significantly and without warning. You should be prepared to lose the entirety of the Bitcoin component of your investment in the Fund. The performance of Bitcoin futures contracts and therefore the performance of the Fund may differ significantly from the performance of Bitcoin.

Bitcoin Futures Risks. Bitcoin Futures expose the Fund to the following risks:

  • Historically, Bitcoin, and Bitcoin Futures have been subject to significant price volatility. The price of Bitcoin Futures may differ significantly from the spot price of Bitcoin and changes in the price of Bitcoin Futures may happen rapidly and without notice.
  • The market for Bitcoin Futures is less developed than older, more established futures markets (such as corn or wheat futures) and may be more volatile and less liquid than other futures markets. Although this market has grown since Bitcoin Futures were initially developed, there is no guarantee that the market will continue to develop in ways that support the continued growth and operation of the Fund.
  • The value of Bitcoin depends on the development and acceptance of the Bitcoin network. The slowing or stopping of the development or acceptance of the Bitcoin network may adversely affect an investment in the Fund.
  • New competing digital assets may pose a challenge to Bitcoin’s current market position, resulting in a reduction in demand for Bitcoin, which could have a negative impact on the price of Bitcoin and Bitcoin Futures, and thus a negative impact on the performance of the Fund.

Market Risk: The market values of the portfolio’s holdings rise and fall from day to day, so investments may lose value. Equity Securities Risk: The Fund invests in publicly traded equity securities, and their value may fluctuate, sometimes rapidly and unpredictably, which means a security may be worth more or less than when it was purchased. Liquidity Risk: Liquidity risk is the risk that the Fund might not be able to sell an investment without significantly changing the value of the investment on the Fund’s books. Liquidity risk can be elevated by market disruptions or volatility, and during these periods, it may be difficult or impossible for the Fund to buy or sell an investment, including in Bitcoin Futures, at a desired price. Derivatives Risk: The Fund’s use of derivatives (in the form of Bitcoin Futures) presents risks different than investing directly in traditional securities. Using derivatives can lead to losses because of adverse movements in the price or value of the underlying reference asset, which may be magnified by features of the derivatives. New Fund Risk: The Fund is a newly organized, non-diversified management investment company with no operating history. There can be no assurance that the Fund will grow to or maintain an economically viable size, or that an active trading market for the Fund’s shares will develop or be maintained. Subsidiary Risk: The Fund expects to invest in the Bitcoin futures through a whollyowned subsidiary of the Fund, ONEFUND International Ltd, organized under the laws of the Cayman Islands and advised by the Adviser. This Subsidiary is not subject to all of the investor protections of the Fund because it is not registered under The Investment Company Act of 1940. The Fund is exposed to the Risk of the Subsidiary’s investments and will also incur the expenses of the Subsidiary. Changes in the laws of the US or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as intended and could negatively affect the Fund and its shareholder. Correlation and Tracking Error Risk: Various factors may impede the Fund’s ability to track the Index or achieve a high degree of correlation with the Index. For example, the Fund has operating and other expenses, while the Index does not. The Fund may not be fully invested at times, generally as a result of cash flows into or out of the Fund or excess cash held by the Fund for various reasons, which could create cash drag. As a result, the Fund may underperform the Index to some degree over time.

S&P 500 Index is a market-capitalization-weighted index of the 500 leading publicly traded companies in the U.S. it is regarded as one of the best gauges of prominent American equities’ performance.

S&P CME Bitcoin Futures Index measures the performance of Bitcoin futures contract trading on the Chicago Mercantile Exchange.

BBB is distributed by Foreside Fund Services, LLC.

Not FDIC Insured.
May Lose Value.
No Bank Guarantee.