Risk disclosure

Investing in bitcoin involves risks. A list of some important risks is set out below. This list is not exhaustive. It is important to carefully assess whether investing in bitcoin fits your specific risk tolerance, investment objectives, financial circumstances, tax circumstances, personal and legal circumstances and other relevant factors. We highly recommend consulting a financial advisor before making any investment decision.

1. Volatility risk

The value of bitcoin may fluctuate significantly over short periods of time. Past performance is not a reliable indicator for future results. You may lose all or part of your invested funds.

2. Liquidity risk

Bitcoin may experience limited liquidity. This may lead to execution delays, a difference between the expected price of a trade and the actual price at which the trade is executed or even an inability to exit a position during periods of market stress.

3. Access risk

Loss of access credentials (such as private keys and passwords) may result in the loss or inaccessibility of your bitcoin or funds. You are solely responsible for safeguarding your access credentials and activating all available security features. Blockrise accepts no liability for any loss of bitcoins or funds caused by your failure to implement adequate security measures.

4. Concentration risk

Investing exclusively in bitcoin increases risk exposure as a negative performance cannot be offset by gains from investments.

5. Network risk

Bitcoin is not backed by governments or commodities. It relies on a blockchain network that may be subject to bugs, attacks or failures. Blockrise has no control over this network. Events such as consensus failures, forks or protocol changes may affect the value or functionality of your bitcoin.

6. Operational risk

Blockrise strives to ensure the availability and reliability of its IT infrastructure and services. However, technical disruptions may arise, resulting from software failure, hardware failure or cyberattacks. That could lead to missed rebalancing opportunities, delayed reporting or temporary loss of access to your funds or bitcoin.

7. Third-party risk

Blockrise may rely on certain third parties for operational, technical or other types of services. Although Blockrise conducts due diligence and implements safeguards, it cannot guarantee the performance or solvency of these third parties. Blockrise is not responsible for the actions of such third parties or the consequences of their (impending) bankruptcy. You may be exposed to risks arising from the (impending) bankruptcy, default, negligence or misconduct of these third parties.

8. Market participants

Various market participants are active in the bitcoin ecosystem, such as trading platforms and intermediaries. The failure or insolvency of one of these parties may have a negative effect on other parties or the value of your bitcoin. Blockrise cannot control the actions of other market participants.

9. Legislative risk

MiCAR, in brief, applies in the EU and lays down uniform requirements for crypto-asset services providers and parties offering certain crypto-assets. Outside the EU, other crypto-asset laws may apply. As MiCAR is the first EU-wide crypto-assets regulation, it is expected that it will be amended in the future. Changes to MiCAR and other relevant laws may affect the market value, availability, legality or taxation of bitcoin. Changes in relevant laws may require Blockrise or its group companies or affiliated entities to modify or discontinue certain services.

10. Fraud, scams and attacks

Technology that supports the activities and services of Blockrise, its group companies or its affiliated entities may be exposed to attacks that could result in theft or loss of bitcoin, funds or data. The bitcoin market is vulnerable to fraudulent schemes, phishing attacks and impersonation attempts. Always remain vigilant and verify communication received from Blockrise. Blockrise will never request your private keys or passwords.

11. Market abuse

The bitcoin market is vulnerable to market abuse practices such as price manipulation and insider trading. Large holders or coordinated actors may artificially influence prices, creating unfair conditions for others. Such activities may lead to distorted market signals and losses for investors.

12. Tax risk

Holding bitcoin and trading in bitcoin may have tax implications depending on your country of residence, your legal status and your personal financial situation. Relevant tax laws may change. Blockrise does not provide tax advice. You are solely responsible for your tax obligations. We highly recommend consulting a tax advisor before making any investment decision.

13. Portfolio management risk

While designed to support long-term investment outcomes, our asset management strategy may over- or underperform in certain market conditions. Investment objectives are never guaranteed.

14. No deposit guarantee scheme or investor compensation scheme

Crypto-asset services provided by Blockrise are not subject to or covered by a deposit guarantee scheme or an investor compensation scheme.

15. No advice

Neither Blockrise nor any of its group companies or affiliated entities provide investment advice, legal advice, tax advice or financial advice.

16. No reliance

The information provided on our website has been prepared with great care. However, Blockrise, its group companies and its affiliated entities accept no liability for any loss or damage arising from reliance on the content.

Rotterdam, December 2025