v3.25.2
Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Expenses        
Sponsor’s fees $ 38,686,944 $ 11,510,364 $ 71,730,495 $ 15,721,583
Sponsor’s fees waived 0 (1,616,120) (178,082) (2,690,670)
Total expenses 38,686,944 9,894,244 71,552,413 13,030,913
Net investment loss (38,686,944) (9,894,244) (71,552,413) (13,030,913)
Net Realized and Unrealized Gain (Loss)        
Bitcoin sold to pay expenses 7,687,519 1,354,605 16,128,077 1,455,130
Bitcoin sold for the redemption of Shares 254,383,671 872,888 878,782,959 872,888
Net realized gain 262,071,190 [1] 2,227,493 [2] 894,911,036 [3] 2,328,018 [4]
Net change in unrealized appreciation/depreciation 14,244,730,958 (2,102,796,450) 7,186,881,803 1,703,949,543
Net realized and unrealized gain (loss) 14,506,802,148 (2,100,568,957) 8,081,792,839 1,706,277,561
Net increase (decrease) in net assets resulting from operations $ 14,468,115,204 $ (2,110,463,201) $ 8,010,240,426 $ 1,693,246,648
Net increase (decrease) in net assets per Share (in dollars per share) [5] $ 13.08 $ (4.25) $ 7.58 $ 4.86
[1] Includes $291,395,872 of realized gains and $(29,324,682) of realized losses.
[2] Includes $5,261,693 of realized gains and $(3,034,200) of realized losses.
[3] Includes $1,003,081,075 of realized gains and $(108,170,039) of realized losses.
[4] Includes $5,362,253 of realized gains and $(3,034,235) of realized losses.
[5] Net increase (decrease) in net assets per Share based on average shares outstanding during the period.