| Fair Value of BCH |
3. Fair Value of BCH BCH is held by the Custodian on behalf of the Trust and is carried at fair value. As of June 30, 2026, 2025 and 2024, the Trust held 382,599.73529351, 392,285.62958128 and 344,528.53494921 BCH, respectively. The Trust determined the fair value per BCH to be $200.10, $517.38, and $391.88 on June 30, 2026, 2025 and 2024, respectively, using the price provided at 4:00 p.m., New York time, by the Digital Asset Trading Platform Market considered to be the Trust’s principal market (Coinbase). The following represents the changes in quantity of BCH and the respective fair value:
|
|
|
|
|
|
|
|
|
(Amounts in thousands, except BCH amounts) |
|
Quantity |
|
|
Fair Value |
|
Balance at June 30, 2023 |
|
|
304,664.86473559 |
|
|
$ |
92,012 |
|
BCH contributed |
|
|
47,623.17430380 |
|
|
|
22,716 |
|
BCH distributed for Sponsor’s Fee, related party |
|
|
(7,759.50409018 |
) |
|
|
(2,469 |
) |
Net change in unrealized appreciation/depreciation on investment in BCH |
|
|
- |
|
|
|
23,205 |
|
Net realized loss on investment in BCH |
|
|
- |
|
|
|
(450 |
) |
Balance at June 30, 2024 |
|
|
344,528.53494921 |
|
|
$ |
135,014 |
|
BCH contributed |
|
|
57,237.79382476 |
|
|
|
22,983 |
|
BCH distributed for Sponsor’s Fee, related party |
|
|
(9,480.69919269 |
) |
|
|
(3,665 |
) |
Net change in unrealized appreciation/depreciation on investment in BCH |
|
|
- |
|
|
|
48,646 |
|
Net realized loss on investment in BCH |
|
|
- |
|
|
|
(17 |
) |
Balance at June 30, 2025 |
|
|
392,285.62958128 |
|
|
$ |
202,961 |
|
BCH contributed |
|
|
- |
|
|
|
- |
|
BCH distributed for Sponsor’s Fee, related party |
|
|
(9,685.89428777 |
) |
|
|
(4,811 |
) |
Net change in unrealized appreciation/depreciation on investment in BCH |
|
|
- |
|
|
|
(122,629 |
) |
Net realized gain on investment in BCH |
|
|
- |
|
|
|
1,037 |
|
Balance at June 30, 2026 |
|
|
382,599.73529351 |
|
|
$ |
76,558 |
|
|