v3.26.1
Statements of Changes in Net Assets
$ in Thousands
 2 Months Ended
Jun. 30, 2026
USD ($)
shares
Increase (decrease) in net assets resulting from operations  
Net investment gain (loss) $ 98 [1]
Net realized gain (loss) (1,043) [1]
Net change in unrealized appreciation (depreciation) 10,051 [2]
Net increase (decrease) in net assets resulting from operations 9,106 [2]
Increase (decrease) in net assets from capital share transactions  
Creations for Shares issued 124,873 [1]
Redemptions for Shares redeemed (5,738) [1]
Net increase (decrease) in net assets resulting from capital share transactions 119,135 [1]
Total increase (decrease) in net assets from operations and capital share transactions 128,241 [1]
Net assets  
Beginning of period 0 [1],[3]
End of period $ 128,241 [4]
Shares issued and redeemed  
Shares issued | shares 3,660,000 [1]
Shares redeemed | shares (170,008) [1]
Net increase (decrease) in Shares issued and outstanding | shares 3,489,992 [1]
[1] No comparative period information yet available as the Trust commenced operations on May 14, 2026.
[2] No comparative period information yet available as the Trust commenced operations on May 14, 2026.
[3] Prior to the commencement of operations on May 14, 2026, on November 24, 2025, BAM, the parent company of the Sponsor, purchased 8 Shares at a per-share price of $25.00 for $200.00 in a transaction exempt from registration under Section 4(a)(2) of the 1933 Act (the “Seed Shares”). On May 14, 2026, BAM redeemed the entirety of its 8 Seed Shares for $200 and Bitwise Investment Manager, LLC (“BIM”), an affiliate of the Sponsor, purchased the initial 40,000 Shares of the Trust (the “Seed Baskets”) for $1,000,000, at a per-Share price of $25.00.
[4] No comparative period information yet available as the Trust commenced operations on May 14, 2026.