v3.26.1
Fair Value of Bitcoin - Schedule of Changes in Quantity of Bitcoin and Fair Value (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
Bitcoin
Mar. 31, 2025
USD ($)
Bitcoin
Dec. 31, 2025
USD ($)
Bitcoin
Fair Value Disclosures [Abstract]      
Beginning balance | Bitcoin 38,468.0468 40,289.1335 40,289.1335
Purchases | Bitcoin 5,943.6428   21,837.2036
In-Kind Creations | Bitcoin 1,021.2405   124.9948
Sales for the redemption of Shares | Bitcoin (7,502.415)   (23,701.7104)
In-kind redemptions | Bitcoin (309.5802)    
Bitcoin transferred for Sponsor Fee | Bitcoin (20.2255)   (81.5747)
Ending balance | Bitcoin 37,600.7094   38,468.0468
Beginning balance $ 3,367,647 $ 3,762,723 $ 3,762,723
Purchases 489,551   2,290,437
In-kind creations 69,010   10,884
Sales for the redemption of Shares $ (586,928)   (2,351,927)
In-kind redemptions | Bitcoin (20,958)    
Bitcoin transferred for Sponsor Fee $ (1,605)   (8,220)
Net realized gain (loss) on In-Kind Redemptions of bitcoin 8,810    
Net realized gain (loss) on investment in bitcoin transferred to pay Sponsor Fee 812 1,151 5,019
Net realized gain (loss) on investment in bitcoin sold for redemptions (31,390) 23,850 (42,062)
Change in unrealized appreciation (depreciation) on investment in bitcoin (745,422) $ (476,361) (299,207)
Ending balance $ 2,549,527   $ 3,367,647