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<!-- Creation Date :2026-08-07T10:57:28.2482+00:00 -->
<!-- Copyright (c) 2026 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
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          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations"/>
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          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
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          <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory"/>
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          <link:loc xlink:type="locator" xlink:href="bitw-20260630.xsd#bitw_CryptoMember" xlink:label="bitw_CryptoMember"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingCodmProfitLossMeasureHowUsedDescription" xlink:label="us-gaap_SegmentReportingCodmProfitLossMeasureHowUsedDescription"/>
          <link:loc xlink:type="locator" xlink:href="bitw-20260630.xsd#bitw_QuantityOfCryptoAssetUnits" xlink:label="bitw_QuantityOfCryptoAssetUnits"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentOwnedAtFairValue" xlink:label="us-gaap_InvestmentOwnedAtFairValue"/>
          <link:loc xlink:type="locator" xlink:href="bitw-20260630.xsd#bitw_StellarLumensMember" xlink:label="bitw_StellarLumensMember"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromDispositionOfInvestmentOperatingActivity" xlink:label="us-gaap_ProceedsFromDispositionOfInvestmentOperatingActivity"/>
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          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract"/>
          <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2026/dei-2026.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber"/>
          <link:loc xlink:type="locator" xlink:href="bitw-20260630.xsd#bitw_EventAxis" xlink:label="bitw_EventAxis"/>
          <link:loc xlink:type="locator" xlink:href="bitw-20260630.xsd#bitw_ExecutiveManagementCommitteeAndOtherSeniorPersonnelMember" xlink:label="bitw_ExecutiveManagementCommitteeAndOtherSeniorPersonnelMember"/>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CalculationOfValuationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Calculation of valuation.</link:label>
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          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CalculationOfValuationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Calculation of Valuation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SuiSUIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sui (SUI) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SuiSUIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Sui (SUI).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MinimumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetsSoldReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivable for Crypto Assets sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetsSoldReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Assets Sold Receivable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetsSoldReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Crypto assets sold receivable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares issued, no par value (unlimited shares authorized)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInChainlinkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Chainlink</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInChainlinkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Chainlink [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInChainlinkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment In Chainlink.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInChainlinkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Chainlink [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provision for income taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Expense (Benefit)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Income Tax Expense (Benefit), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PolygonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Polygon [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PolygonMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Polygon Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, General Partner, Advisory Service Expense</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGeneralPartnerAdvisoryService_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fee</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Highlights [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedGainLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net realized gains</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedGainLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Realized Gain (Loss), Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedGainLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Crypto Asset, Realized Gain (Loss), Operating, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedGainLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized gain (loss) on investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInSolanaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Solana [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInSolanaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment In Solana.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInSolanaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Solana [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ReportingPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reporting period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ReportingPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Reporting Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ReportingPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Reporting period.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_TransactionAndOtherFees_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Transaction and other fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_TransactionAndOtherFees_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Transaction and Other Fees</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_TransactionAndOtherFees_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Transaction and other fees.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_FairValueAssetLevelTwoToLevelOneTransfersAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value, assets, level 2 to level 1 transfers, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_FairValueAssetLevelTwoToLevelOneTransfersAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value asset level two to level one transfers amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_FairValueAssetLevelTwoToLevelOneTransfersAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Asset Level Two to Level One Transfers Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialRatiosAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Ratios [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialRatiosAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ratios to average net assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Stockholders' Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInCardanoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cardano [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInCardanoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Cardano [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInCardanoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in cardano.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CoinbaseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Coinbase [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CoinbaseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Coinbase Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_XRPSolanaCardanoChainlinkLitecoinAvalancheSuiAndPolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">XRP, Solana, Cardano, Chainlink, Litecoin, Avalanche, Sui, and Polkadot [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_XRPSolanaCardanoChainlinkLitecoinAvalancheSuiAndPolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">XRP, Solana, Cardano, Chainlink, Litecoin, Avalanche, Sui, and Polkadot.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_XRPSolanaCardanoChainlinkLitecoinAvalancheSuiAndPolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Remaining Crypto Assets [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Units, Sale of Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Partners' Capital Account, Units, Sale of Units, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockNoParValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock, No Par Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockNoParValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, No Par Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_Security12bTitle_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Title of 12(b) Security</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IndemnificationsDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Indemnifications Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IndemnificationsDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Indemnifications Disclosure [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IndemnificationsDisclosureAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Indemnifications disclosure abstract.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payments for Repurchase of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Redemptions for Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CapitalWithdrawalsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital withdrawals payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CapitalWithdrawalsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Withdrawals Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CapitalWithdrawalsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Capital withdrawals payable.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Customer Concentration Risk [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CustomerConcentrationRiskMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Customer Concentration Risk [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NetChangeInUnrealizedAppreciationDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Net change in unrealized appreciation (depreciation).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NetChangeInUnrealizedAppreciationDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net change in unrealized appreciation (depreciation)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NetChangeInUnrealizedAppreciationDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in unrealized appreciation (depreciation)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SubscriptionsReceivedInAdvance_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subscriptions received in advance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SubscriptionsReceivedInAdvance_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subscriptions Received In Advance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SubscriptionsReceivedInAdvance_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Subscriptions received in advance.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfOtherAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of other assets in excess of liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfOtherAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Other Assets in Excess of Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfOtherAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of other assets in excess of liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalShareTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total increase (decrease) in net assets from operations and capital share transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalShareTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Net Assets From Operations And Capital Share Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalShareTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase (decrease) in net assets from operations and capital share transactions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CosmosMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cosmos.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CosmosMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cosmos [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SolanaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Solana [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SolanaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Solana Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Investment Income (Loss), Per Share, Basic</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PayableForRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payable for Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PayableForRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payable for redemptions.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PayableForRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payable for redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment income.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line Two</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ManagementFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Management Fee Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ManagementFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Management fees payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ManagementFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Management fees payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetActivityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Activity [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SalesRevenueNetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Revenue Benchmark [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basis of Presentation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Basis of Accounting, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage&#160;of net assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetUnrealizedGainLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in unrealized appreciation (depreciation) on investment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetUnrealizedGainLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Unrealized Gain (Loss), Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetUnrealizedGainLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Crypto Asset, Unrealized Gain (Loss), Operating, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Interactive Data Current</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInEthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ethereum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInEthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Ethereum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInEthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment In Ethereum Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CoinbaseCustodyTrustCompanyLlcTheCustodianMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Coinbase Custody Trust Company LLC The Custodian [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CoinbaseCustodyTrustCompanyLlcTheCustodianMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Coinbase Custody Trust Company LLC The Custodian [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CoinbaseCustodyTrustCompanyLlcTheCustodianMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Coinbase Custody Trust Company Llc The Custodian Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductOrServiceAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Product and Service [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ScheduleOfReceivableForCryptoAssetsSoldTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Receivable for Crypto Assets sold</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ScheduleOfReceivableForCryptoAssetsSoldTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Receivable For Crypto Assets Sold [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ScheduleOfReceivableForCryptoAssetsSoldTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of receivable for Crypto assets sold.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentsAndValuationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investments And Valuation [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentsAndValuationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investments and valuation [policy text block].</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentsAndValuationPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments and Valuation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OperatingExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Gain (Loss) on Investment, Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Investment Company, Gain (Loss) on Investment, Per Share, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyGainLossOnInvestmentPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized and change in unrealized appreciation (depreciation) on investment in Crypto Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_UniswapUNIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Uniswap (UNI) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_UniswapUNIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Uniswap (UNI).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInAvalancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in Avalanche.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInAvalancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Avalanche [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInAvalancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Avalanche [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Changes in operating assets and liabilities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossRatio_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Investment Income (Loss) Ratio</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OtherAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Other assets in excess of liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OtherAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets In Excess of Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OtherAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets in excess of liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OtherAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Other assets in excess of liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NumberOfSharesInBlockIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares in block issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NumberOfSharesInBlockIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Shares In Block Issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NumberOfSharesInBlockIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares in block issued.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CardanoADAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cardano (ADA) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CardanoADAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cardano (ADA).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_TimeUsedInInvestmentValuationDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Time used in investment valuation, description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_TimeUsedInInvestmentValuationDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Time Used In Investment Valuation Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_TimeUsedInInvestmentValuationDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Time used in investment valuation description.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transactions [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AvalancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Avalanche.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AvalancheMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Avalanche [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Financial Highlights</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Highlights [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Taxes</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Events</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Sale of Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Partners' Capital Account, Sale of Units, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountSaleOfUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Creations for Shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment Owned, Percent of Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Net Assets, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskTypeDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Type [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RisksAndUncertaintiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Risks And Uncertainties [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RisksAndUncertaintiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Risks And Uncertainties Table</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SolanaSOLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Solana (SOL) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SolanaSOLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Solana (SOL).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_XRPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">XRP [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_XRPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">XRP.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_LitecoinLTCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Litecoin (LTC) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_LitecoinLTCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Litecoin (LTC).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Period Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_Rule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Rule 10b51 Arr Modified Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_Rule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Rule 10b51 arr modified flag.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_EventDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Event [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_EventDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Event Domain</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_BitcoinBTCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bitcoin (BTC) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_BitcoinBTCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bitcoin (BTC).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net increase (decrease) in cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Use of Estimates</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UseOfEstimates_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Use of Estimates, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RippleXrpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ripple (XRP) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RippleXrpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ripple (XRP).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RippleXrpMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">XRP [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 1 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial Highlights</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Highlights [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Significant transfers into or out of any levels of the fair value hierarchy</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Realized Investment Gains (Losses)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Realized Investment Gains (Losses), Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net realized (gain) loss from investment in Crypto Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized gain (loss) from investment in Crypto Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net realized gain (loss)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentTransitionReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Transition Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Risk Factors</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Risks and Uncertainties</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_BitcoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bitcoin [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_BitcoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bitcoin Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Investment Income (Loss) from Operations, Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net change in net assets from operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_RangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statistical Measurement [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitClassDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Unit, Class [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitClassDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Unit, Class [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_EthereumETHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ethereum (ETH) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_EthereumETHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ethereum (ETH).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestorClassMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investor Class [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestorClassMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investor Class [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestorClassMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investor Class Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Sale</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetSale_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Sales</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_BitcoinCashBCHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Bitcoin Cash (BCH) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_BitcoinCashBCHMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Bitcoin Cash (BCH).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetSalesUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Sales Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetSalesUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Crypto asset, sales units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetSalesUnits_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Sales, Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_ContactPersonnelName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Contact Personnel Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentQuarterlyReport_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Quarterly Report</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CardanoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cardano [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CardanoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Cardano Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitsByClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Capital Units by Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CapitalUnitsByClassAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Capital Units by Class [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_XRPXRPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">XRP (XRP) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_XRPXRPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">XRP (XRP).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 2 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Income, Net</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Investment loss</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrealized Gain (Loss) on Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Unrealized Gain (Loss) on Investments, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in unrealized appreciation (depreciation) from Crypto Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net change in unrealized (appreciation) depreciation on investment in Crypto Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrealizedGainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net change in unrealized appreciation (depreciation)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by (used in) operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation, State or Country Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Summary of Principal Market and the Principal Market Prices for Portfolio Cryto Assets Comprised Majority of Trust Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in Net Assets resulting from operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueInputsLevel12And3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInPolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in polkadot member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInPolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Polkadot [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInPolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Polkadot [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInLitecoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Litecoin</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInLitecoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Litecoin [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInLitecoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment In Litecoin.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInLitecoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Litecoin [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToReportingEntityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetIncomeLossAttributableToReportingEntityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (decrease) in net assets from operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetsThatResidesOnExchange_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Crypto assets that resided on exchange</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetsThatResidesOnExchange_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Assets that Resides on Exchange</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetsThatResidesOnExchange_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Crypto assets that resides on exchange.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyTotalReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Total Return</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyTotalReturn_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total return, at net asset value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organizational And Offering Costs, Policy [policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Organizational And Offering Costs.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organizational and Offering Costs</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain (Loss) on Investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net realized and change in unrealized appreciation (depreciation) on investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NEARProtocolNEARMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">NEAR Protocol (NEAR) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NEARProtocolNEARMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">NEAR Protocol (NEAR).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement of Cash Flows [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Hierarchy and NAV [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Investments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Trust's Assets Accounted For At Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SponsorOwnedTrustShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sponsor Owned, Trust Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SponsorOwnedTrustShares_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Sponsor owned, trust shares.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SponsorOwnedTrustShares_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sponsor owned, shares of the trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number of Operating Segments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NumberOfOperatingSegments_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of operating segment</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OperatingIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating income.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OperatingIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Operating Income [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_OperatingIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorizedUnlimited_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common Stock, Shares Authorized, Unlimited&#160;</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesAuthorizedUnlimited_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares Authorized, Unlimited [Fixed List]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PrincipalMarketDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Principal Market [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PrincipalMarketDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Principal Market Domain</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net asset value per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Principal Market NAV per share, end of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Principal Market NAV per-share, beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Principal Market NAV per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from operating activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingCodmIndividualTitleAndPositionOrGroupOrCommitteeNameExtensibleEnumeration_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Securities Act File Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares in cash-settled transactions in blocks at trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Shares In Cash-settled Transactions In Blocks At Trust</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of shares in cash-settled transactions in blocks at trust.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInBitcoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bitcoin [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInBitcoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Bitcoin [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInBitcoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment In Bitcoin Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounting Policies [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Policies [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net increase (decrease) in net assets resulting from operations</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net assets at end of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">End of Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning of Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_EthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ethereum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_EthereumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ethereum Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PayableForCryptoAssetsPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payable For Crypto Assets Purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PayableForCryptoAssetsPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Payable for crypto assets purchased.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PayableForCryptoAssetsPurchased_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payable for Crypto Assets purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NonRule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Non Rule 10b51 Arr Modified Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_NonRule10B51ArrModifiedFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Non Rule 10b51 arr modified flag.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Recurring and Nonrecurring [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CalculationOfNetAssetValueAndNetAssetValuePerSharePolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Calculation of NAV and NAV Per Share</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CalculationOfNetAssetValueAndNetAssetValuePerSharePolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Calculation of Net Asset Value and Net Asset Value Per Share Policy [Policy Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CalculationOfNetAssetValueAndNetAssetValuePerSharePolicyPolicyTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Disclosure of accounting policy for net asset value and net asset value per share.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CryptoAssetAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntitySmallBusiness_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Small Business</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedGainOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cumulative realized gains</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedGainOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Realized Gain, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RippleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Ripple.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RippleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Ripple [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PrincipalMarketAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Principal Market [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PrincipalMarketAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Principal Market Axis</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ScheduleOfPayableForCryptoAssetsPurchasedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Payable for Crypto Assets purchased</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ScheduleOfPayableForCryptoAssetsPurchasedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Payable For Crypto Assets Purchased [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ScheduleOfPayableForCryptoAssetsPurchasedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule of payable for crypto assets purchased.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Significant Accounting Policies</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Significant Accounting Policies [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other Assets, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of assets in excess of liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Assets In Excess Of Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfAssetsInExcessOfLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of assets in excess of liabilities.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Expenses [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Expenses Abstract</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Realized Loss, Operating</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetRealizedLossOperating_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cumulative realized losses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Crypto Asset, Fair Value, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance, Fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Beginning balance, Fair value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_ProductsAndServicesDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Product and Service [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AccountingPoliciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Policies [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AccountingPoliciesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounting Policies Table</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Creation and Redemption of Shares</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from financing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfOtherLiabilitiesInExcessOfAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of other liabilities in excess of assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfOtherLiabilitiesInExcessOfAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of other liabilities in excess of assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfOtherLiabilitiesInExcessOfAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage of Other Liabilities in Excess of Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ChainlinkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Chainlink Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ChainlinkMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Chainlink [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyCapitalShareTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Capital Share Transaction, Increase (Decrease) [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyCapitalShareTransactionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (decrease) in net assets from capital share transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_MaximumSponsorFeeForLegalFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Sponsor Fee For Legal Fees And Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_MaximumSponsorFeeForLegalFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Maximum sponsor fee for legal fees and expenses.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_MaximumSponsorFeeForLegalFeesAndExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum sponsor fee for legal fees and expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Common Stock, Shares Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByTypeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Type [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AccountingPoliciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounting Policies [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AccountingPoliciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Policies [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AccountingPoliciesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Accounting Policies Line Items</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInSuiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment In Sui [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInSuiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Investment in Sui member.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_InvestmentInSuiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sui [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Units, Period Increase (Decrease)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in Shares issued and outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityShellCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Shell Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_StatementLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Statement [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_MaximumMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Investment owned, at cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Owned, Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsRedeemed_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsRedeemed_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Units, Redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountUnitsRedeemed_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_DistributedNetworksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Distributed Networks [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_DistributedNetworksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Distributed Networks [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_DistributedNetworksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Distributed Networks Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk Benchmark [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Events [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Events [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Risks and Uncertainties [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Risks and Uncertainties [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_HyperliquidMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Hyperliquid [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_HyperliquidMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Hyperliquid.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInPartnersCapitalRollForward_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Partners' Capital [Roll Forward]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock, Shares, Outstanding</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Common Stock, Shares, Outstanding, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Common Stock, Shares, Outstanding, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares outstanding, no par value (unlimited shares authorized)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IndemnificationsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Indemnifications</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IndemnificationsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Indemnifications Disclosure [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_IndemnificationsDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Indemnifications disclosure.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseRatioIncludingIncentiveFee_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Expense Ratio, after Fee Waiver and Incentive Fee Deduction</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyExpenseRatioIncludingIncentiveFee_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expenses</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Changes in Quantity of Crypto Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetActivityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Activity [Table Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityExTransitionPeriod_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Ex Transition Period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_UniswapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Uniswap [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_UniswapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Uniswap [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_UniswapMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Uniswap Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AssetsNet1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Assets net 1.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AssetsNet1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Assets Net 1 [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AssetsNet1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net Assets:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_SecurityExchangeName_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ChainlinkLINKMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Chainlink (LINK) [member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_ChainlinkLINKMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Chainlink (LINK).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfManagementFeeReduced_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of management fee reduced</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfManagementFeeReduced_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Management Fee Reduced</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfManagementFeeReduced_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of management fee reduced.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionRate_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related party transaction, rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_RelatedPartyTransactionRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction, Rate</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="srt_CryptoAssetDomain_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset [Domain]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetPurchaseUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchases, Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetPurchaseUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Purchase Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoAssetPurchaseUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Crypto asset, purchase units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Concentration risk percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ConcentrationRiskPercentage1_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Concentration Risk, Percentage</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetPurchase_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Purchase</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetPurchase_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchases</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_FairValueAssetLevelOneToLevelTwoTransfersAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair value asset level one to level two transfers amount.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_FairValueAssetLevelOneToLevelTwoTransfersAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Asset Level One to Level Two Transfers Amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_FairValueAssetLevelOneToLevelTwoTransfersAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value, assets, level 1 to level 2 transfers, amount</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CityAreaCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AvalancheAVAXMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Avalanche (AVAX) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_AvalancheAVAXMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Avalanche (AVAX).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized tax benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Unrecognized Tax Benefits</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Unrecognized Tax Benefits, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_UnrecognizedTaxBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Unrecognized Tax Benefits, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measured at Net Asset Value Per Share [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RisksAndUncertaintiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Risks And Uncertainties [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RisksAndUncertaintiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Risks And Uncertainties [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_RisksAndUncertaintiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Risks And Uncertainties Line Items</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Issuance of Common Stock</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Creations for Shares issued</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ScheduleOfInvestmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Schedule of Investments [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Noninvestment Assets Less Noninvestment Liabilities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other liabilities in excess of assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Partners' Capital Account, Redemptions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountRedemptions_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Redemptions for Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountRedemptions_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Redemptions for Shares redeemed</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_LegalEntityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_QuantityOfDigitalAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_QuantityOfDigitalAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Quantity Of Digital Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_QuantityOfDigitalAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Quantity of digital assets.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash, beginning of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash, end of period</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PrincipalMarketPrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Principal Market Price</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PrincipalMarketPrice_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Principal market price.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_LitecoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Litecoin [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_LitecoinMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Litecoin Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting [Text Block]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Segment Reporting</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_TradingSymbol_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PolkadotDOTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Polkadot (DOT) [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PolkadotDOTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Polkadot (DOT).</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForPurchaseOfInvestmentOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchases of Crypto Assets</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PaymentsForPurchaseOfInvestmentOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Payment for Purchase, Investment, Operating Activity</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net increase (decrease) in net assets resulting from capital share transactions</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_PartnersCapitalAccountPeriodIncreaseDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Partners' Capital</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_CoverAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net realized and change in unrealized gain (loss) on investments</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_GainLossOnInvestmentsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Gain (Loss) on Investments [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfManagementFeeOfNetAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Management Fee Of Net Asset Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfManagementFeeOfNetAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of management fee of net asset value.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PercentageOfManagementFeeOfNetAssetValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of management fee of net asset value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Polkadot.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_PolkadotMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Polkadot [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SuiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Sui [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_SuiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Sui.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash and Cash Equivalent</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash and Cash Equivalents, at Carrying Value, Total</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash and Cash Equivalents, at Carrying Value, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash and Cash Equivalents, at Carrying Value, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_CryptoAssetActivityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto Asset, Activity [Line Items]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInManagementFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Increase (Decrease) in Management Fee Payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_IncreaseDecreaseInManagementFeePayable_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase (decrease) in Management Fee payable</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by (used in) financing activities</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Cash Provided by (Used in) Financing Activity, Including Discontinued Operation</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Highlights [Table]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Entity Filer Category</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Company, Financial Highlights [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentCompanyFinancialHighlightsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment Company, Financial Highlights [Abstract]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Crypto [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Crypto.com</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_CryptoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Crypto.com [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_SegmentReportingCodmProfitLossMeasureHowUsedDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_QuantityOfCryptoAssetUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Ending balance, Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_QuantityOfCryptoAssetUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Begining balance, Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_QuantityOfCryptoAssetUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Quantity of Crypto Asset Units</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_QuantityOfCryptoAssetUnits_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Quantity of crypto asset units.</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Investment Owned, at Fair Value, Ending Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Investment Owned, at Fair Value, Beginning Balance</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fair Value</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Investment owned</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in Crypto Assets, at fair value (cost $169,101 and $235,588 as of June 30, 2026 and December 31, 2025, respectively)</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_StellarLumensMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Stellar Lumens [Member]</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="bitw_StellarLumensMember_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation">Stellar Lumens Member</link:label>
          <link:label xml:lang="en-US" xlink:type="resource" xlink:label="us-gaap_ProceedsFromDispositionOfInvestmentOperatingActivity_lbl" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds from Disposition of Investment, Operating Activity</link:label>
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  <xsd:element id="bitw_IndemnificationsDisclosureAbstract" name="IndemnificationsDisclosureAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_RisksAndUncertaintiesLineItems" name="RisksAndUncertaintiesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_EthereumETHMember" name="EthereumETHMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentInEthereumMember" name="InvestmentInEthereumMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_ExecutiveManagementCommitteeAndOtherSeniorPersonnelMember" name="ExecutiveManagementCommitteeAndOtherSeniorPersonnelMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_ChainlinkMember" name="ChainlinkMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_PercentageOfNetAssets" name="PercentageOfNetAssets" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_InvestmentInCardanoMember" name="InvestmentInCardanoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_NonRule10B51ArrModifiedFlag" name="NonRule10B51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_SuiMember" name="SuiMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_TransactionAndOtherFees" name="TransactionAndOtherFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="bitw_PercentageOfOtherLiabilitiesInExcessOfAssets" name="PercentageOfOtherLiabilitiesInExcessOfAssets" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_Rule10B51ArrModifiedFlag" name="Rule10B51ArrModifiedFlag" type="xbrli:booleanItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_RisksAndUncertaintiesTable" name="RisksAndUncertaintiesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_CryptoAssetPurchaseUnits" name="CryptoAssetPurchaseUnits" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_InvestmentInLitecoinMember" name="InvestmentInLitecoinMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_ReportingPeriod" name="ReportingPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_InvestmentInSolanaMember" name="InvestmentInSolanaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_IndemnificationsDisclosureTextBlock" name="IndemnificationsDisclosureTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_PayableForRedemptions" name="PayableForRedemptions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_QuantityOfDigitalAssets" name="QuantityOfDigitalAssets" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_LitecoinLTCMember" name="LitecoinLTCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_HyperliquidMember" name="HyperliquidMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_OperatingIncomeAbstract" name="OperatingIncomeAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestorClassMember" name="InvestorClassMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentInPolkadotMember" name="InvestmentInPolkadotMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_BitcoinMember" name="BitcoinMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_ScheduleOfReceivableForCryptoAssetsSoldTableTextBlock" name="ScheduleOfReceivableForCryptoAssetsSoldTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_PrincipalMarketDomain" name="PrincipalMarketDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_CardanoMember" name="CardanoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_RippleMember" name="RippleMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentInAvalancheMember" name="InvestmentInAvalancheMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_CapitalWithdrawalsPayable" name="CapitalWithdrawalsPayable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_SuiSUIMember" name="SuiSUIMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_LitecoinMember" name="LitecoinMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_SponsorOwnedTrustShares" name="SponsorOwnedTrustShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_AssetsNet1Abstract" name="AssetsNet1Abstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_NumberOfSharesInBlockIssued" name="NumberOfSharesInBlockIssued" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_PercentageOfOtherAssetsInExcessOfLiabilities" name="PercentageOfOtherAssetsInExcessOfLiabilities" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_ExpensesAbstract" name="ExpensesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_SubscriptionsReceivedInAdvance" name="SubscriptionsReceivedInAdvance" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_ScheduleOfPayableForCryptoAssetsPurchasedTableTextBlock" name="ScheduleOfPayableForCryptoAssetsPurchasedTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_PolkadotMember" name="PolkadotMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_XRPMember" name="XRPMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_AvalancheAVAXMember" name="AvalancheAVAXMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_DistributedNetworksMember" name="DistributedNetworksMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_FairValueAssetLevelOneToLevelTwoTransfersAmount" name="FairValueAssetLevelOneToLevelTwoTransfersAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_AccountingPoliciesTable" name="AccountingPoliciesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_PrincipalMarketPrice" name="PrincipalMarketPrice" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_CryptoAssetsSoldReceivable" name="CryptoAssetsSoldReceivable" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="bitw_CosmosMember" name="CosmosMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_CoinbaseMember" name="CoinbaseMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_PercentageOfAssetsInExcessOfLiabilities" name="PercentageOfAssetsInExcessOfLiabilities" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_BitcoinCashBCHMember" name="BitcoinCashBCHMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentInBitcoinMember" name="InvestmentInBitcoinMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentsAndValuationPolicyTextBlock" name="InvestmentsAndValuationPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_PercentageOfManagementFeeOfNetAssetValue" name="PercentageOfManagementFeeOfNetAssetValue" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_SolanaMember" name="SolanaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_AccountingPoliciesLineItems" name="AccountingPoliciesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_NEARProtocolNEARMember" name="NEARProtocolNEARMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_UniswapMember" name="UniswapMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentInSuiMember" name="InvestmentInSuiMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_PercentageOfManagementFeeReduced" name="PercentageOfManagementFeeReduced" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_MaximumSponsorFeeForLegalFeesAndExpenses" name="MaximumSponsorFeeForLegalFeesAndExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="bitw_IncreaseDecreaseInNetAssetsFromOperationsAndCapitalShareTransactions" name="IncreaseDecreaseInNetAssetsFromOperationsAndCapitalShareTransactions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="bitw_CryptoAssetSalesUnits" name="CryptoAssetSalesUnits" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_OtherAssetsInExcessOfLiabilities" name="OtherAssetsInExcessOfLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="bitw_PayableForCryptoAssetsPurchased" name="PayableForCryptoAssetsPurchased" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_CalculationOfValuationPolicyTextBlock" name="CalculationOfValuationPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_OrganizationalAndOfferingCostsPolicyPolicyTextBlock" name="OrganizationalAndOfferingCostsPolicyPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_NumberOfSharesInCashSettledTransactionsInBlocksAtTrust" name="NumberOfSharesInCashSettledTransactionsInBlocksAtTrust" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_ChainlinkLINKMember" name="ChainlinkLINKMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentIncome" name="InvestmentIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_XRPSolanaCardanoChainlinkLitecoinAvalancheSuiAndPolkadotMember" name="XRPSolanaCardanoChainlinkLitecoinAvalancheSuiAndPolkadotMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_InvestmentInChainlinkMember" name="InvestmentInChainlinkMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_SolanaSOLMember" name="SolanaSOLMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_QuantityOfCryptoAssetUnits" name="QuantityOfCryptoAssetUnits" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false"/>
  <xsd:element id="bitw_CryptoAssetsThatResidesOnExchange" name="CryptoAssetsThatResidesOnExchange" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="debit"/>
  <xsd:element id="bitw_CryptoMember" name="CryptoMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_StellarLumensMember" name="StellarLumensMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_PolygonMember" name="PolygonMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_CardanoADAMember" name="CardanoADAMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_EventDomain" name="EventDomain" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_AvalancheMember" name="AvalancheMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_FairValueAssetLevelTwoToLevelOneTransfersAmount" name="FairValueAssetLevelTwoToLevelOneTransfersAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_BitcoinBTCMember" name="BitcoinBTCMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_EventAxis" name="EventAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_NetChangeInUnrealizedAppreciationDepreciation" name="NetChangeInUnrealizedAppreciationDepreciation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false" xbrli:balance="credit"/>
  <xsd:element id="bitw_CoinbaseCustodyTrustCompanyLlcTheCustodianMember" name="CoinbaseCustodyTrustCompanyLlcTheCustodianMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
  <xsd:element id="bitw_CalculationOfNetAssetValueAndNetAssetValuePerSharePolicyPolicyTextBlock" name="CalculationOfNetAssetValueAndNetAssetValuePerSharePolicyPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="false"/>
  <xsd:element id="bitw_RippleXrpMember" name="RippleXrpMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" nillable="true" abstract="true"/>
</xsd:schema>
