Innovator Uncapped Bitcoin 20 Floor ETF Quarterly Series Cboe BZX NAV Update

NET ASSET VALUE RESTATEMENT FOR INNOVATOR UNCAPPED BITCOIN 20 FLOOR ETF

CHICAGO, April 1, 2025 /GLOBE NEWSWIRE/ -- Innovator Capital Management, LLC, a leading ETF sponsor, announced today that it will restate the net asset value (NAV) of its Innovator Uncapped Bitcoin 20 Floor ETF (Cboe BZX: BITW) for the quarterly period ended March 31, 2025.

The restatement is necessary due to an error in the calculation of the ETF's NAV, which was caused by an incorrect valuation of a basket of Bitcoin futures contracts. The error was identified and corrected by the ETF's independent accounting firm, and the restated NAV will reflect the accurate value of the ETF's holdings as of the end of the quarter.

The restated NAV for BITW will be $24.42 per share, which is an increase of 2.3% from the previously reported NAV of $23.84 per share. The restatement will not affect the ETF's investment objectives or strategies, and the fund's holdings and trading activity will continue to be managed in accordance with its investment policies.

"We take the accuracy of our NAV calculations very seriously, and we are taking this opportunity to correct any errors that may have occurred," said Michael McNeil, Chief Compliance Officer at Innovator Capital Management. "We are committed to providing our investors with the most accurate and transparent information possible, and we are confident that the restated NAV will reflect the true value of the ETF's holdings."

The Innovator Uncapped Bitcoin 20 Floor ETF is designed to provide investors with a way to gain exposure to the price of Bitcoin without the potential for losses due to the ETF's uncapped structure. The ETF seeks to track the performance of the Bitcoin 20 Floor Index, which is designed to reflect the price of Bitcoin, minus the 20th percentile of its historical price movements.

For more information about the Innovator Uncapped Bitcoin 20 Floor ETF, please visit our website at innovatoretfs.com.