v3.26.1
Fair Value of Bitcoin - Schedule of Changes in Quantity of Bitcoin and Fair Value (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
Bitcoin
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Bitcoin
Jun. 30, 2025
USD ($)
Bitcoin
Dec. 31, 2025
USD ($)
Bitcoin
Fair Value Disclosures [Abstract]          
Beginning balance | Bitcoin     38,468.0468 40,289.1335 40,289.1335
Purchases | Bitcoin     7,610.7077   21,837.2036
In-Kind Creations | Bitcoin     1,770.6288   124.9948
Sales for the redemption of Shares | Bitcoin     (10,157.5133)   (23,701.7104)
In-kind redemptions | Bitcoin     (1,444.3602)    
Bitcoin transferred for Sponsor Fee | Bitcoin     (39.8179)   (81.5747)
Ending balance | Bitcoin 36,207.6919   36,207.6919   38,468.0468
Beginning balance     $ 3,367,647 $ 3,762,723 $ 3,762,723
Purchases     613,156   2,290,437
In-kind creations     127,362   10,884
Sales for the redemption of Shares     $ (782,370)   (2,351,927)
In-kind redemptions | Bitcoin     (102,536)    
Bitcoin transferred for Sponsor Fee     $ (3,025)   (8,220)
Net realized gain (loss) from In-Kind Redemptions of bitcoin $ 36,526 $ 0 45,336 0  
Net realized gain (loss) from investment in bitcoin transferred to pay Sponsor Fee 643 1,032 1,455 2,183 5,019
Net realized gain (loss) from investment in bitcoin sold for redemptions (3,801) 21,271 (35,191) 45,121 (42,062)
Change in unrealized appreciation (depreciation) from investment in bitcoin (360,422) $ 940,462 (1,105,844) $ 464,101 (299,207)
Ending balance $ 2,125,990   $ 2,125,990   $ 3,367,647