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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Expenses        
Sponsor’s fees $ 53,295,322 $ 13,122,598 $ 125,025,817 $ 28,844,181
Sponsor’s fees waived 0 (1,633,880) (178,082) (4,324,550)
Total expenses 53,295,322 11,488,718 124,847,735 24,519,631
Net investment loss (53,295,322) (11,488,718) (124,847,735) (24,519,631)
Net Realized and Unrealized Gain (Loss)        
Bitcoin sold to pay expenses 14,927,710 (562,447) 31,055,787 892,683
Bitcoin sold for the redemption of Shares 444,379,757 (86,430) 1,323,162,716 786,458
Net realized gain (loss) 459,307,467 [1] (648,877) [2] 1,354,218,503 [3] 1,679,141 [4]
Net change in unrealized appreciation/depreciation 4,271,556,131 119,089,128 11,458,437,934 1,823,038,671
Net realized and unrealized gain 4,730,863,598 118,440,251 12,812,656,437 1,824,717,812
Net increase (decrease) in net assets resulting from operations $ 4,677,568,276 $ 106,951,533 $ 12,687,808,702 $ 1,800,198,181
Net increase in net assets per Share (in dollars per share) [5] $ 3.59 $ 0.18 $ 11.13 $ 4.15
[1] Includes $462,736,525 of realized gains and $(3,429,058) of realized losses.
[2] Includes $2,603,378 of realized gains and $(3,252,255) of realized losses.
[3] Includes $1,465,817,600 of realized gains and $(111,599,097) of realized losses.
[4] Includes $7,965,631 of realized gains and $(6,286,490) of realized losses.
[5] Net increase in net assets per Share based on average shares outstanding during the period.