Statements of Operations - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
| Expenses | ||
| Management Fee | $ 388,890 | $ 605,731 |
| Professional fees | 407,355 | 109,000 |
| Custodian fees | 152,144 | 311,897 |
| Other | 170,938 | 13,349 |
| Total expenses | 1,119,327 | 1,039,977 |
| Professional fees waived by the Sponsor | 0 | (109,000) |
| Net expenses | 1,119,327 | 930,977 |
| Net investment loss | (1,119,327) | (930,977) |
| Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investment in Bitcoin | ||
| Net realized gain on investment in Bitcoin | 834,003 | 12,335 |
| Net change in unrealized appreciation (depreciation) on investment in Bitcoin | (83,373,064) | 16,857,832 |
| Total net realized gain (loss) and net change in unrealized appreciation (depreciation) on investment in Bitcoin | (82,539,061) | 16,870,167 |
| Net increase (decrease) in net assets resulting from operations | $ (83,658,388) | $ 15,939,190 |
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of assets used to generate operating income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of fee voluntarily waived by investment company. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fees paid to an agent employed by a corporation or mutual fund to maintain shareholder records, including purchases, sales, and account balances. Also includes custodian fees incurred during an accounting period from an agent, bank, trust company, or other organization that holds and safeguards an individual's, mutual fund's, or investment company's assets for them. These fees will be billed back to the client and are a component of noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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