XML 40 R30.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value of Investments in Digital Assets - Changes in Quantity of Each Fund Component and Their Respective Fair Values (Details)
3 Months Ended 12 Months Ended
Apr. 03, 2025
USD ($)
Jan. 04, 2025
USD ($)
Oct. 03, 2024
USD ($)
Jul. 03, 2024
USD ($)
Apr. 03, 2024
USD ($)
Jan. 04, 2024
USD ($)
Oct. 04, 2023
USD ($)
Jul. 06, 2023
USD ($)
Apr. 05, 2023
USD ($)
Jan. 05, 2023
USD ($)
Oct. 05, 2022
USD ($)
Jul. 07, 2022
USD ($)
Jun. 30, 2025
USD ($)
Quantity
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Quantity
Jun. 30, 2024
USD ($)
Quantity
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
Quantity
Jun. 30, 2025
USD ($)
Quantity
Jun. 30, 2024
USD ($)
Quantity
Jun. 30, 2023
USD ($)
Quantity
Summary Of Investment Holdings [Line Items]                                              
Balance at Fair Value                               $ 526,956,000         $ 526,956,000    
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                         $ 173,693,000 $ (141,229,000) $ 232,027,000 (20,358,000) $ (70,306,000) $ 225,325,000 $ 134,194,000 $ (32,520,000) 244,133,000 $ 256,693,000 $ 122,867,000
Fair value, net realized gain (loss) on investment $ 1,247,808 $ 6,907,147 $ 339,366 $ 777,961 $ 8,236,118 $ 7,968,963 $ 149,939 $ 906,943 $ 227,762 $ (7,304,129) $ 1,133,040 $ (14,895,069) 4,888,000 $ 10,530,000 $ 3,708,000 $ 3,140,000 (5,574,000) $ 10,033,000 $ 1,343,000 $ 1,701,000 22,266,000 7,503,000 $ (18,714,000)
Balance at Fair Value end                         $ 777,222,000       $ 526,956,000       $ 777,222,000 $ 526,956,000  
Bitcoin                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                               5,990.4948489       6,230.97866186 5,990.4948489 6,230.97866186 6,231.4365404
Quantity contributed | Quantity                                         0 0 0
Quantity distributed from portfolio rebalancing | Quantity                                         (86.13516106) (87.42054382)  
Quantity contributed from portfolio rebalancing | Quantity                                             157.11106568
Quantity distributed for Manager's Fee, related party | Quantity                                         (146.61647351) (153.06326914) (157.56894422)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                         0 0 0
Quantity, Net realized gain (loss) on investment | Quantity                                         0 0 0
Quantity, Balance end | Quantity                         5,757.74321433       5,990.4948489       5,757.74321433 5,990.4948489 6,230.97866186
Balance at Fair Value                               $ 370,987,000       $ 189,185,000 $ 370,987,000 $ 189,185,000 $ 117,743,000
Fair Value, contributed                                         0 0 0
Fair value, distributed from portfolio rebalancing                                         (7,792,000) (2,751,000)  
Fair value, contributed from portfolio rebalancing                                             3,049,000
Fair Value, distributed for Manager's Fee, related party                                         (12,294,000) (6,964,000) (3,549,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                         252,302,000 180,523,000 69,386,000
Fair value, net realized gain (loss) on investment                                         17,216,000 10,994,000 2,556,000
Balance at Fair Value end                         $ 620,419,000       $ 370,987,000       $ 620,419,000 $ 370,987,000 $ 189,185,000
Ether                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                               36,577.59452337       39,445.13266916 36,577.59452337 39,445.13266916 39,359.77040671
Quantity contributed | Quantity                                         0 0 0
Quantity distributed from portfolio rebalancing | Quantity                                         (677.32474886) (1,925.59571086)  
Quantity contributed from portfolio rebalancing | Quantity                                             1,087.50823575
Quantity distributed for Manager's Fee, related party | Quantity                                         (892.53888068) (941.94243493) (1,002.1459733)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                         0 0 0
Quantity, Net realized gain (loss) on investment | Quantity                                         0 0 0
Quantity, Balance end | Quantity                         35,007.73089383       36,577.59452337       35,007.73089383 36,577.59452337 39,445.13266916
Balance at Fair Value                               $ 125,205,000       $ 75,964,000 $ 125,205,000 $ 75,964,000 $ 40,136,000
Fair Value, contributed                                         0 0 0
Fair value, distributed from portfolio rebalancing                                         (2,176,000) (3,779,000)  
Fair value, contributed from portfolio rebalancing                                             1,095,000
Fair Value, distributed for Manager's Fee, related party                                         (2,404,000) (2,337,000) (1,568,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                         (36,331,000) 50,085,000 34,695,000
Fair value, net realized gain (loss) on investment                                         3,794,000 5,272,000 1,606,000
Balance at Fair Value end                         $ 88,088,000       $ 125,205,000       $ 88,088,000 $ 125,205,000 $ 75,964,000
SOL                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                               135,348.78720949       123,915.89529091 135,348.78720949 123,915.89529091 111,216.13265694
Quantity contributed | Quantity                                         0 0 0
Quantity contributed from portfolio rebalancing | Quantity                                         16,607.5500989 14,724.90144955 15,665.43529877
Quantity distributed for Manager's Fee, related party | Quantity                                         (3,556.38124866) (3,292.00953097) (2,965.6726648)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                         0 0 0
Quantity, Net realized gain (loss) on investment | Quantity                                         0 0 0
Quantity, Balance end | Quantity                         148,399.95605973       135,348.78720949       148,399.95605973 135,348.78720949 123,915.89529091
Balance at Fair Value                               $ 19,574,000       $ 2,366,000 $ 19,574,000 $ 2,366,000 $ 3,557,000
Fair Value, contributed                                         0 0 0
Fair value, contributed from portfolio rebalancing                                         2,425,000 1,274,000 384,000
Fair Value, distributed for Manager's Fee, related party                                         (597,000) (292,000) (73,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                         1,849,000 16,330,000 (1,186,000)
Fair value, net realized gain (loss) on investment                                         166,000 (104,000) (316,000)
Balance at Fair Value end                         $ 23,417,000       $ 19,574,000       $ 23,417,000 $ 19,574,000 $ 2,366,000
XRP                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                               16,719,307.91934       0 16,719,307.91934 0  
Quantity contributed | Quantity                                         0 0  
Quantity contributed from portfolio rebalancing | Quantity                                         573,017.27619 16,922,626.498281  
Quantity distributed for Manager's Fee, related party | Quantity                                         (421,555.293104) (203,318.578941)  
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                         0 0  
Quantity, Net realized gain (loss) on investment | Quantity                                         0 0  
Quantity, Balance end | Quantity                         16,870,769.902426       16,719,307.91934       16,870,769.902426 16,719,307.91934 0
Balance at Fair Value                               $ 7,917,000       $ 0 $ 7,917,000 $ 0  
Fair Value, contributed                                         0 0  
Fair value, contributed from portfolio rebalancing                                         648,000 9,882,000  
Fair Value, distributed for Manager's Fee, related party                                         (695,000) (111,000)  
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                         30,822,000 (1,847,000)  
Fair value, net realized gain (loss) on investment                                         448,000 (7,000)  
Balance at Fair Value end                         $ 39,140,000       $ 7,917,000       $ 39,140,000 $ 7,917,000 $ 0
ADA                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                               0       11,194,902.551275 0 11,194,902.551275 10,916,582.900254
Quantity contributed | Quantity                                         0 0 0
Quantity distributed from portfolio rebalancing | Quantity                                         10,568,299.628398 (10,984,888.769029)  
Quantity contributed from portfolio rebalancing | Quantity                                             559,615.581934
Quantity distributed for Manager's Fee, related party | Quantity                                         (127,897.376884) (210,013.782246) (281,295.930913)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                         0 0 0
Quantity, Net realized gain (loss) on investment | Quantity                                         0 0 0
Quantity, Balance end | Quantity                         10,440,402.251514       0       10,440,402.251514 0 11,194,902.551275
Balance at Fair Value                               $ 0       $ 3,195,000 $ 0 $ 3,195,000 $ 4,803,000
Fair Value, contributed                                         0 0 0
Fair value, distributed from portfolio rebalancing                                         11,727,000 (6,478,000)  
Fair value, contributed from portfolio rebalancing                                             231,000
Fair Value, distributed for Manager's Fee, related party                                         (96,000) (89,000) (108,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                         (5,523,000) 12,051,000 (1,401,000)
Fair value, net realized gain (loss) on investment                                         50,000 (8,679,000) (330,000)
Balance at Fair Value end                         $ 6,158,000       $ 0       $ 6,158,000 $ 0 $ 3,195,000
MATIC                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                               0       2,926,029.61320324 0 2,926,029.61320324 0
Quantity contributed | Quantity                                           0 0
Quantity distributed from portfolio rebalancing | Quantity                                           (2,887,850.26244458)  
Quantity contributed from portfolio rebalancing | Quantity                                             2,979,195.2072644
Quantity distributed for Manager's Fee, related party | Quantity                                           (38,179.35075866) (53,165.59406116)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                           0 0
Quantity, Net realized gain (loss) on investment | Quantity                                           0 0
Quantity, Balance end | Quantity                                 0         0 2,926,029.61320324
Balance at Fair Value                               $ 0       $ 1,922,000 $ 0 $ 1,922,000 $ 0
Fair Value, contributed                                           0 0
Fair value, distributed from portfolio rebalancing                                           (2,486,000)  
Fair value, contributed from portfolio rebalancing                                             2,524,000
Fair Value, distributed for Manager's Fee, related party                                           (26,000) (51,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                           565,000 (565,000)
Fair value, net realized gain (loss) on investment                                           25,000 14,000
Balance at Fair Value end                                 $ 0         $ 0 $ 1,922,000
DOT                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                                       0   0 328,187.49357863
Quantity contributed | Quantity                                             0
Quantity distributed from portfolio rebalancing | Quantity                                             (328,052.64509826)
Quantity distributed for Manager's Fee, related party | Quantity                                             (134.84848037)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                             0
Quantity, Net realized gain (loss) on investment | Quantity                                             0
Quantity, Balance end | Quantity                                             0
Balance at Fair Value                                       $ 0   $ 0 $ 2,235,000
Fair Value, contributed                                             0
Fair value, distributed from portfolio rebalancing                                             (2,247,000)
Fair Value, distributed for Manager's Fee, related party                                             (1,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                             5,103,000
Fair value, net realized gain (loss) on investment                                             (5,090,000)
Balance at Fair Value end                                             $ 0
AVAX                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                               114,955.6647938       0 114,955.6647938 0 88,973.97836461
Quantity contributed | Quantity                                         0 0 0
Quantity distributed from portfolio rebalancing | Quantity                                         (113,418.90243682)   (87,745.50702693)
Quantity contributed from portfolio rebalancing | Quantity                                           116,340.93500452  
Quantity distributed for Manager's Fee, related party | Quantity                                         (1,536.76235698) (1,385.27021072) (1,228.47133768)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                         0 0 0
Quantity, Net realized gain (loss) on investment | Quantity                                         0 0 0
Quantity, Balance end | Quantity                         0       114,955.6647938       0 114,955.6647938 0
Balance at Fair Value                               $ 3,273,000       $ 0 $ 3,273,000 $ 0 $ 1,445,000
Fair Value, contributed                                         0 0 0
Fair value, distributed from portfolio rebalancing                                         (4,832,000)   (974,000)
Fair value, contributed from portfolio rebalancing                                           4,338,000  
Fair Value, distributed for Manager's Fee, related party                                         (47,000) (53,000) (21,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                         1,014,000 (1,014,000) 6,936,000
Fair value, net realized gain (loss) on investment                                         592,000 2,000 (7,386,000)
Balance at Fair Value end                         $ 0       $ 3,273,000       $ 0 $ 3,273,000 $ 0
LTC                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                                       0   0 23,725.08718334
Quantity contributed | Quantity                                             0
Quantity distributed from portfolio rebalancing | Quantity                                             (23,715.33881688)
Quantity distributed for Manager's Fee, related party | Quantity                                             (9.74836646)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                             0
Quantity, Net realized gain (loss) on investment | Quantity                                             0
Quantity, Balance end | Quantity                                             0
Balance at Fair Value                                       $ 0   $ 0 $ 1,220,000
Fair Value, contributed                                             0
Fair value, distributed from portfolio rebalancing                                             (1,177,000)
Fair Value, distributed for Manager's Fee, related party                                             (1,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                             574,000
Fair value, net realized gain (loss) on investment                                             (616,000)
Balance at Fair Value end                                             $ 0
UNI                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                                       0   0 232,687.02308212
Quantity contributed | Quantity                                             0
Quantity distributed from portfolio rebalancing | Quantity                                             (232,591.41465073)
Quantity distributed for Manager's Fee, related party | Quantity                                             (95.60843139)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                             0
Quantity, Net realized gain (loss) on investment | Quantity                                             0
Quantity, Balance end | Quantity                                             0
Balance at Fair Value                                       $ 0   $ 0 $ 1,122,000
Fair Value, contributed                                             0
Fair value, distributed from portfolio rebalancing                                             (1,236,000)
Fair Value, distributed for Manager's Fee, related party                                             0
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                             3,937,000
Fair value, net realized gain (loss) on investment                                             (3,823,000)
Balance at Fair Value end                                             $ 0
LINK                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                                       0   0 158,987.59087114
Quantity contributed | Quantity                                             0
Quantity distributed from portfolio rebalancing | Quantity                                             (158,922.26469191)
Quantity distributed for Manager's Fee, related party | Quantity                                             (65.32617923)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                             0
Quantity, Net realized gain (loss) on investment | Quantity                                             0
Quantity, Balance end | Quantity                                             0
Balance at Fair Value                                       $ 0   $ 0 $ 960,000
Fair Value, contributed                                             0
Fair value, distributed from portfolio rebalancing                                             (989,000)
Fair Value, distributed for Manager's Fee, related party                                             (1,000)
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                             3,726,000
Fair value, net realized gain (loss) on investment                                             (3,696,000)
Balance at Fair Value end                                             $ 0
BCH                                              
Summary Of Investment Holdings [Line Items]                                              
Quantity, Balance | Quantity                                       0   0 6,314.20828653
Quantity contributed | Quantity                                             0
Quantity distributed from portfolio rebalancing | Quantity                                             (6,311.6138507)
Quantity distributed for Manager's Fee, related party | Quantity                                             (2.59443583)
Quantity net change in unrealized appreciation (depreciation) on investment | Quantity                                             0
Quantity, Net realized gain (loss) on investment | Quantity                                             0
Quantity, Balance end | Quantity                                             0
Balance at Fair Value                                       $ 0   $ 0 $ 631,000
Fair Value, contributed                                             0
Fair value, distributed from portfolio rebalancing                                             (660,000)
Fair Value, distributed for Manager's Fee, related party                                             0
Fair value, net change in unrealized appreciation (depreciation) on investments in digital assets                                             1,662,000
Fair value, net realized gain (loss) on investment                                             (1,633,000)
Balance at Fair Value end                                             $ 0