v3.25.1
Creations and Redemptions of Shares (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of activity in number of shares issued and redeemed

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Activity in Number of Shares Issued and Redeemed:

 

 

 

 

 

 

Shares issued

 

 

2,480,000

 

 

 

1,540,000

 

Shares redeemed

 

 

(16,650,000

)

 

 

(317,940,000

)

Net Change in Number of Shares Issued and Redeemed

 

 

(14,170,000

)

 

 

(316,400,000

)

Schedule of activity in value of shares issued and redeemed

 

 

Three Months Ended March 31,

 

(Amounts in thousands)

 

2025

 

 

2024

 

Activity in Value of Shares Issued and Redeemed:

 

 

 

 

 

 

Shares issued

 

$

192,570

 

 

$

79,244

 

Shares redeemed

 

 

(1,227,181

)

 

 

(14,777,922

)

Net Change in Value of Shares Issued and Redeemed

 

$

(1,034,611

)

 

$

(14,698,678

)

Investment owned balanced contract receivable

Bitcoin receivable represents the value of Bitcoin covered by contractually binding orders for the creation of Shares where the Bitcoin has not yet been transferred to the Trust’s account. Generally, ownership of the Bitcoin is transferred within no more than two business days of the trade date.

 

 

As of March 31,

 

(Amounts in thousands)

 

2025

 

 

2024

 

Bitcoin receivable

 

$

-

 

 

$

-

 

Investment owned balanced contract payable

Bitcoin payable represents the value of Bitcoin covered by contractually binding orders for the redemption of Shares where the Bitcoin has not yet been transferred out of the Trust’s account. Generally, ownership of the Bitcoin is transferred within no more than two business days of the trade date.

 

 

As of March 31,

 

(Amounts in thousands)

 

2025

 

 

2024

 

Bitcoin payable

 

$

-

 

 

$

58,253