| Fair Value of BCH |
3. Fair Value of BCH BCH is held by the Custodian on behalf of the Trust and is carried at fair value. As of March 31, 2026 and June 30, 2025, the Trust held 384,991.96168152 and 392,285.62958128 BCH, respectively. The Trust determined the fair value per BCH to be $470.22 and $517.38 on March 31, 2026 and June 30, 2025, respectively, using the price provided at 4:00 p.m., New York time, by the Digital Asset Trading Platform Market considered to be the Trust’s principal market (Coinbase). The following represents the changes in quantity of BCH and the respective fair value:
|
|
|
|
|
|
|
|
|
(Amounts in thousands, except BCH amounts) |
|
Quantity |
|
|
Fair Value |
|
Balance at June 30, 2024 |
|
|
344,528.53494921 |
|
|
$ |
135,014 |
|
BCH contributed |
|
|
53,481.86283225 |
|
|
|
21,697 |
|
BCH distributed for Sponsor’s Fee, related party |
|
|
(7,032.28724665 |
) |
|
|
(2,706 |
) |
Net change in unrealized appreciation/depreciation on investment in BCH |
|
|
- |
|
|
|
(35,860 |
) |
Net realized loss on investment in BCH |
|
|
- |
|
|
|
(23 |
) |
Balance at March 31, 2025 |
|
|
390,978.11053481 |
|
|
$ |
118,122 |
|
|
|
|
|
|
|
|
(Amounts in thousands, except BCH amounts) |
|
Quantity |
|
|
Fair Value |
|
Balance at June 30, 2025 |
|
|
392,285.62958128 |
|
|
$ |
202,961 |
|
BCH contributed |
|
|
- |
|
|
|
- |
|
BCH distributed for Sponsor’s Fee, related party |
|
|
(7,293.66789976 |
) |
|
|
(3,964 |
) |
Net change in unrealized appreciation/depreciation on investment in BCH |
|
|
- |
|
|
|
(19,088 |
) |
Net realized gain on investment in BCH |
|
|
- |
|
|
|
1,122 |
|
Balance at March 31, 2026 |
|
|
384,991.96168152 |
|
|
$ |
181,031 |
|
|