v3.26.3
Digital Assets and Digital Asset ETPs - Schedule of Provides a Reconciliation of Digital Assets for Operations and Digital Assets Held (Details) - Coinshares International Limited [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Crypto Asset, Activity [Line Items]    
Beginning balance (at fair value) $ 4,481,927 $ 2,992,707
Additions [1] 5,922,415 5,543,986
Dispositions [2] (5,689,089) (6,437,643)
Gains [3] 68,611 2,434,909
Losses [3] (961,455) (10,008)
Translation of foreign currency denominated holdings 185,658 (42,024)
Ending balance (at fair value) $ 4,008,067 $ 4,481,927
[1] Additions represent purchases of, staking rewards earned on, loan redemptions in, and lending book interest received in, digital assets.
[2] Dispositions represent the sales of, and loans of, digital assets.
[3] For the years ended December 31, 2025 and 2024, the Group recognized cumulative realized gains from dispositions of digital assets of $127.7 million and $633.4 million, respectively, and cumulative realized losses from dispositions of digital assets of $196.4 million and $6.5 million, respectively.