v3.25.1
STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 5 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Cash used in operating activities    
Net decrease in net assets resulting from operations [1] $ (492,112)  
Adjustments to reconcile net decrease in net assets resulting from operations to net cash used in operating activities:    
Purchases of Bitcoin [1],[2] (505,839)  
Proceeds from Bitcoin sold to pay redemptions [1],[2] 218,989  
Proceeds from Bitcoin sold to pay expenses [1] 1,398  
Net realized (gain) loss [1] (34,036)  
Net change in unrealized appreciation 524,750 [3] $ (889,077)
Change in operating assets and liabilities:    
Sponsor's Fee payable [1] 0  
Net cash used in operating activities [1] (286,850)  
Cash provided by financing activities    
Proceeds from issuance of capital shares [1],[2] 505,839  
Payments for capital shares redeemed [1],[2] (218,989)  
Net cash provided by financing activities [1] 286,850  
Cash    
Net increase in cash [1] 0  
Cash, beginning of period [1] 0  
Cash, end of period [1] 0 $ 0
Supplemental disclosure of noncash operating activities    
Transfer of Bitcoin to pay for Sponsor's Fee [1] $ 1,398  
[1] No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.
[2] The proceeds collected by an Authorized Participant from the sale of Shares and the payments for Shares redeemed by an Authorized Participant do not correlate with the amounts in the Statement of Operations and the Statement of Changes in Net Assets for the period due to creations and redemptions occurring at the Index Price as defined in the Trust Agreement.
[3] No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.