Statement of Operations - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
[1] | |||
| INVESTMENT INCOME: | |||||
| Total investment income | |||||
| EXPENSES: | |||||
| Sponsor Fee (Note 3) | 515,401 | 366,373 | |||
| Total expenses | 515,401 | 366,373 | |||
| Expense waiver (Note 3) | (75,748) | ||||
| Net expenses | 515,401 | 290,625 | |||
| Net investment loss | (515,401) | (290,625) | |||
| Net realized gain from investment in bitcoin sold to pay Sponsor Fee | 203,713 | 34,970 | |||
| Net realized gain from investment in bitcoin sold for redemption of Shares | 58,050,599 | 1,170,266 | |||
| Net increase (decrease) in unrealized appreciation (depreciation) on investment in bitcoin | (94,408,359) | 127,561,373 | |||
| Net realized and unrealized gain (loss) on investment in bitcoin | (36,154,047) | 128,766,609 | |||
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS | $ (36,669,448) | $ 128,475,984 | |||
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Fees paid to advisors who provide certain management support and administrative oversight services including the organization and sale of stock, investment funds, limited partnerships and mutual funds. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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