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Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
[1]
Investment income    
Investment income $ 0 $ 0
Expenses    
Sponsor Fee 1,147 1,678
Total Expenses 1,147 1,678
Less Waivers and Reimbursement (497) (851)
Net Expenses 650 827
Net investment loss (650) (827)
Net realized and unrealized gain (loss)    
Net realized gain (loss) on investment in bitcoin transferred to pay Sponsor Fee 228 234
Net realized gain (loss) on investment in bitcoin sold for redemptions (24,202) (24,202)
Net change in unrealized appreciation (depreciation) on investment in bitcoin (374,561) 250,421
Net realized and unrealized gain (loss) (398,535) 226,453
Net increase (decrease) in net assets resulting from operations $ (399,185) $ 225,626
[1] No comparative financial statements have been provided as the Trust’s operations commenced on January 10, 2024.