Statements of Assets and Liabilities - USD ($) |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Assets | ||
Investment in Bitcoin, at fair value (cost $75,816,514 and $75,945,739, respectively) | $ 46,253,445 | $ 129,756,984 |
Cash | 257 | 257 |
Other assets | 24,600 | |
Total assets | 46,278,302 | 129,757,241 |
Liabilities | ||
Management Fee payable | 19,213 | 53,985 |
Due to Sponsor | 166,804 | 0 |
Other payable | 77,505 | 30,088 |
Total liabilities | 263,522 | 84,073 |
Net assets | 46,014,780 | 129,673,168 |
Net assets | ||
Paid-in capital | 76,978,282 | 76,978,282 |
Accumulated net investment loss | (2,316,820) | (1,197,493) |
Accumulated net realized gain on investment in Bitcoin | 911,557 | 77,554 |
Accumulated net change in unrealized appreciation (depreciation) on investment in Bitcoin | $ (29,558,239) | $ 53,814,825 |
Units issued and outstanding, no par value (unlimited Units authorized) (in Shares) | 8,340,536 | 8,340,536 |
Net asset value per Unit (in Dollars per share) | $ 5.52 | $ 15.55 |
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- Definition Amount of obligations incurred and payable classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net assets (liabilities). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount of the unpaid portion of the fee payable to the managing member or general partner for management of the fund or trust. No definition available.
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- Definition Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
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