v3.26.1
Creation and Redemption of Shares (Tables)
6 Months Ended
Jun. 30, 2026
Creation and Redemption of Shares [Abstract]  
Schedule of Authorized Participant Redeems Shares in-Kind, the Trust When such an Authorized Participant redeems Shares in-kind, the Trust, through a Custodian, will deliver bitcoin to the Authorized Participant, or its designee in exchange for Shares.

 

    Three Months
Ended
June 30,
2026
    Three Months
Ended
June 30,
2025
    Six Months
Ended
June 30,
2026
    Six Months
Ended
June 30,
2025
 
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
Activity in Capital Shares:                        
Shares issued     37,780,000       49,470,000       57,760,000       103,035,000  
Shares redeemed     (46,975,000 )     (51,715,000 )     (74,500,000 )     (102,535,000 )
Net Change in Capital Shares     (9,195,000 )     (2,245,000 )     (16,740,000 )     500,000  

 

(Amounts in thousands)   Three Months
Ended
June 30,
2026
    Three Months
Ended
June 30,
2025
    Six Months
Ended
June 30,
2026
    Six Months
Ended
June 30,
2025
 
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
Activity in Capital Transactions:                        
Contributions for Shares issued   $ 908,351     $ 1,596,484     $ 1,413,921     $ 3,289,644  
Distributions for Shares redeemed     (1,133,046 )     (1,675,241 )     (1,838,427 )     (3,217,683 )
Net Change in Capital Transactions   $ (224,695 )   $ (78,757 )   $ (424,506 )   $ 71,961  
Schedule of Bitcoin Purchased Payable

Bitcoin purchased payable represents the quantity of bitcoin purchased for the creation of Shares where the bitcoin has not yet settled. Generally, bitcoin is transferred within two Business Days of the trade date.

 

(Amounts in thousands)     June 30,
2026
      December 31,
2025
 
      (Unaudited)          
Bitcoin purchased payable   $     $  
Schedule of Bitcoin Sold Receivable

Bitcoin sold receivable represents the quantity of bitcoin sold for the redemption of Shares where the bitcoin has not yet been settled. Generally, bitcoin is transferred within two Business Days of the trade date.

 

(Amounts in thousands)   June 30,
2026
    December 31,
2025
 
    (Unaudited)        
Bitcoin sold receivable   $     $ 76,534