v3.25.2
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 2 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2025
Cash used in operating activities    
Net increase in net assets resulting from operations $ 0 $ 569,692
Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities:    
Purchases of Bitcoin [1] 0 (881,308)
Proceeds from Bitcoin sold to pay redemptions [1] 0 259,388
Proceeds from Bitcoin sold to pay expenses 0 2,975
Net realized gain 0 (44,605)
Net change in unrealized appreciation 0 (528,062) [2]
Change in operating assets and liabilities:    
Sponsor's Fee payable 0 0
Net cash used in operating activities 0 (621,920)
Cash provided by financing activities    
Proceeds from issuance of capital shares [1] 100,000 881,308
Payments for capital shares redeemed [1] 0 (259,388)
Net cash provided by financing activities 100,000 621,920
Cash    
Net increase in cash 100,000 0
Cash, beginning of period 0 0
Cash, end of period 100,000 0
Supplemental disclosure of noncash operating activities    
Transfer of Bitcoin to pay for Sponsor's Fee $ 0 $ 2,975
[1] 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.
[2] 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.