The First Trust SkyBridge Bitcoin ETF Trust (the “Trust”) is a Delaware statutory trust organized on March 12, 2021 that will operate as an exchange-traded fund. The Trust operates pursuant to a trust agreement between the Advisor and the Trustee (the “Trust Agreement”), authorizing the Advisor to enter into a custody agreement (the “Bitcoin Custodian Agreement”) with [ ] (in such capacity, the “Bitcoin Custodian”). Pursuant to the Bitcoin Custodian Agreement, the Bitcoin Custodian establishes accounts that hold the bitcoins deposited with the Bitcoin Custodian on behalf of the Trust.