v3.26.1
Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:        
Net Income (Loss) $ (56,122,743) $ 126,441,316 $ (183,077,250) $ 53,026,363
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Cost of bitcoin purchased     (66,313,377) (89,021,228)
Proceeds from bitcoin sold to pay Sponsor Fee     638,169 793,259
Proceeds from bitcoin sold for redemptions 96,486,088 67,360,804 111,697,588 313,763,953
Net Realized (Gain) Loss on Investments in Bitcoin Sold to pay Sponsor Fee 165,121 (47,596) 301,591 (136,544)
Net Realized (Gain) Loss on Investments in Bitcoin Sold for Redemptions     51,619,053 (73,146,961)
Net Change in Unrealized (Gain) Loss on Investments in Bitcoin 11,690,927 (114,413,890) 130,556,761 19,530,740
Change in operating assets and liabilities:        
Accrued Sponsor fee     (38,324) (66,863)
Net cash provided by (used in) operating activities     45,384,211 224,742,719
Cash flows from financing activities:        
Proceeds from purchases of Shares     66,314,802 89,033,072
Redemption of Shares     (111,699,013) (313,775,791)
Net cash provided by (used in) financing activities     (45,384,211) (224,742,719)
Net change in cash     0 0
Cash at beginning of period     0 0
Cash at end of period $ 0 $ 0 $ 0 $ 0