v3.26.1
Financial Highlights (Tables)
6 Months Ended
Jun. 30, 2026
Investment Company, Financial Highlights [Abstract]  
Summary of Per Share Performance

Per-Share Performance (for a Share outstanding throughout the periods presented)

 

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

Principal Market NAV per-share, beginning of period

 

$

36.83

 

 

$

44.87

 

 

$

47.57

 

 

$

50.85

 

 

Net investment loss 1

 

 

(0.02

)

 

 

(0.03

)

 

 

(0.04

)

 

 

(0.05

)

 

Net realized and change in unrealized appreciation (depreciation) on investment in bitcoin

 

 

(4.94

)

 

 

13.77

 

 

 

(15.66

)

 

 

7.81

 

 

Net change in net assets from operations

 

 

(4.96

)

 

 

13.74

 

 

 

(15.70

)

 

 

7.76

 

 

Principal Market NAV per-share, end of period

 

$

31.87

 

 

$

58.61

 

 

$

31.87

 

 

$

58.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total return, at net asset value 2

 

 

(13.47

)

%

 

30.62

 

%

 

(33.00

)

%

 

15.26

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios to average net assets3

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

0.20

 

%

 

0.20

 

%

 

0.20

 

%

 

0.20

 

%

Net investment loss

 

 

(0.20

)

%

 

(0.20

)

%

 

(0.20

)

%

 

(0.20

)

%

 

1.
Calculated using average Shares outstanding.

 

2.
Total return is calculated based on the change in Principal Market NAV during the reporting period. An individual shareholder’s total return and ratios may vary from the above total return and ratios based on the timing of share transactions from the Trust. Total return for the period is not annualized.

 

3.
Annualized.