The Stone Ridge Bitcoin Strategy Fund (the "Fund") is an open-end mutual fund that pursues its investment strategy primarily by investing in bitcoin futures contracts and in pooled investment vehicles that invest directly or indirectly in bitcoin (collectively, "bitcoin-related investments"). The Fund does not invest in bitcoin or other digital assets directly. In addition, the Fund expects to have significant holdings of cash, U.S. government securities, mortgage-backed securities issued or guaranteed by U.S. government agencies, instrumentalities or sponsored enterprises of the U.S. government, municipal debt securities, money market funds and investment grade securities issued by foreign governments, supranational entities and, to a lesser extent, corporations (the "Cash and Fixed Income Investments"). The Cash and Fixed Income Investments are intended to provide liquidity, to serve as collateral for the Fund"s futures contracts and to support the Fund"s use of leverage.

Bitcoin and bitcoin-related investments are a relatively new asset class and are subject to unique and substantial risks, including the risk that the value of the Fund's bitcoin-related investments could decline rapidly, including to zero. Bitcoin and bitcoin-related investments have generally exhibited high price volatility relative to traditional asset classes. You should be prepared to lose your entire investment.

Investors and RIAs allocating to clients' accounts should carefully consider the Fund's risks and investment objectives, as an investment in the Fund may not be appropriate for all investors and is not designed to be a complete investment program. Investing in the Fund involves a high degree of risk. It is possible that investing in the Fund may result in a loss of some or all of the amount invested. Before making an investment/allocation decision, investors and RIAs allocating to clients' accounts should (i) consider the suitability of this investment with respect to such investor's or client's investment objectives and individual situation and (ii) consider factors such as such investor's or client's net worth, income, age, and risk tolerance. Investment should be avoided where an investor has a short-term investing horizon and/or cannot bear the loss of some or all of their investment. Before investing in the Fund, investors and RIAs allocating to clients' accounts should read the discussion of risks of investing in the prospectus.

Please note that the Stone Ridge Funds referred to in this website are offered and sold only to United States residents, and the information on this website is intended only for such people. Stone Ridge Funds are not offered for sale in countries other than the U.S. and it territories. This website should not be considered a solicitation to buy or an offer to sell shares of the Stone Ridge Funds in any jurisdiction where it would be unlawful under the securities law of that jurisdiction.

The prospectus should be read carefully before investing.

The Stone Ridge Funds are distributed by ALPS Distributors, Inc.