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.
Sample 1Sample 2Sample 3
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).
Sample 1Sample 2Sample 3
Bitcoin Reference Rate means the CME CF BRR.
Sample 1

Examples of Bitcoin Reference Rate in a sentence

  • The Lukka Prime Bitcoin Reference Rate represents a fair market value for bitcoin that is aligned to GAAP and IFRS guidelines.

  • 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.

  • Please describe in detail how the CME CF Bitcoin Reference Rate is calculated.

  • Please describe in greater detail the CME CF Bitcoin Reference Rate and discuss how the rate is calculated based on trading on the various constituent exchanges.

  • Please revise to explain how the identified bitcoin exchanges are selected and to describe in greater detail how the CME CF Bitcoin Reference Rate is calculated, including how the collected purchase and sale transactions are used and whether all transactions during the calculation window are collected.


More Definitions of Bitcoin Reference Rate

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 the Trust Agreement.
Sample 1

Related to Bitcoin Reference Rate

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Original Reference Rate means the originally-specified benchmark or screen rate (as applicable) used to determine the Rate of Interest (or any component part thereof) on the Notes.

  • Replacement Reference Rate means a reference rate which is:

  • Reference Rate means the rate specified as such hereon.

  • Alternative Reference Rate means the rate that the Independent Adviser or the Issuer (as applicable) determines has replaced the relevant Reference Rate in customary market usage in the international debt capital markets for the purposes of determining rates of interest in respect of bonds denominated in the Specified Currency and of a comparable duration to the relevant Interest Period, or, if the Independent Adviser or the Issuer (as applicable) determines that there is no such rate, such other rate as the Independent Adviser or the Issuer (as applicable) determines in its discretion (acting in good faith) is most comparable to the relevant Reference Rate;

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of: