The Product's investment objective is to outperform the ESTER. The Product will be invested between 70% and 130% in Bitcoin directly or indirectly. The Product invests primarily in Bitcoin via different platforms. The Product may use forward financial instruments performance or swaps up to a maximum of 100% of net asset value. The Product may gain exposure directly or through UCITS and/or AIFs to different markets and assets, always with a view to achieving the investment objective. The Product may also borrow cash in the event that a debit balance was to appear. The Product's global exposure won't exceed 130%. In addition, the Product may make temporary deposits, acquisitions or sales of securities. TOBAM computes and calculates the carbon footprint of the Product on an annual basis. This carbon footprint estimation is offset every twelve months through forests conservation, reforestation or renewable energy projects. The carbon offset projects will be through: - Verified Emission Reductions « VER ». These are carbon credits issued under the control of different types of labels governed by their own rules. Given the nascent methodologies of estimation of the carbon footprint of Bitcoin, the estimations and off settings may not be compliant with AMF's « Guide on carbon offsetting by collective investment scheme ». The Product does not plan to invest in other cryptocurrencies. However, in case of hard fork of the Bitcoin, the Product may hold temporarily other cryptocurrencies. They will be sold in a timely manner. To invest its cash and secure optimum returns on it, the Product may invest in money-market instruments, notably including money-market UCITS and negotiable debt securities up to 60%. The Product may hold up to 10% of its assets in shares or units of the following UCITS, AIFs or investment Products. Given the investment objective of the Product to be invested between 70% and 130% in Bitcoin directly or indirectly, sustainability risks and negative impacts of investment decisions on sustainability factors are not incorporated into the investment decisions. The Product capitalizes its income.