v3.25.1
Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net Income (Loss) $ (73,414,953) $ 185,816,967
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Cost of bitcoin purchased (28,373,793) (401,275,835)
Proceeds from bitcoin sold to pay Sponsor Fee 481,815 0
Proceeds from bitcoin sold for redemptions 246,403,149 172,678,972
Net Realized (Gain) Loss from Investments in Bitcoin Sold to pay Sponsor Fee (88,948) 0
Net Realized (Gain) Loss from Investments in Bitcoin Sold for Redemptions (60,847,702) (37,026,114)
Net Change in Unrealized (Gain) Loss from Investments in Bitcoin 133,944,630 (148,790,853)
Change in operating assets and liabilities:    
Accrued Sponsor's fees (74,849) 0
Net cash provided by (used in) operating activities 218,029,349 (228,596,863)
Cash flows from financing activities:    
Proceeds from purchases of Shares 28,384,708 455,561,582
Redemption of Shares (246,414,057) (227,064,719)
Net cash provided by (used in) financing activities (218,029,349) 228,496,863
Net change in cash 0 (100,000)
Cash at beginning of period 0 100,000
Cash at end of period $ 0 $ 0