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STATEMENT OF CASH FLOWS (UNAUDITED)
$ in Thousands
 3 Months Ended
Sep. 30, 2025
USD ($)
Cash provided by operating activities  
Net increase in net assets resulting from operations $ 108,109
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities:  
Purchases of digital assets (6,401) [1]
Proceeds from digital assets sold to pay redemptions 152,692 [1]
Proceeds from digital assets sold to pay expenses 4,972
Net realized gain on digital assets sold for rebalancing (1,648)
Net realized loss (132,899)
Net change in unrealized appreciation on investment in digital assets 21,466
Change in operating assets and liabilities:  
Manager's Fee payable 0
Net cash provided by operating activities 146,291
Cash used in financing activities  
Proceeds from issuance of capital shares 6,401 [1]
Payments for capital shares redeemed (152,692) [1]
Net cash used in financing activities (146,291)
Cash  
Net increase (decrease) in cash 0
Cash, beginning of period 0
Cash, end of period 0
Supplemental disclosure of noncash operating activities  
Transfer of digital assets to pay for Manager's Fee $ 4,972
[1] The proceeds collected by an Authorized Participant from the sale of Shares and the payments for Shares redeemed by an Authorized Participant do not correlate with the amounts in the Statement of Operations and the Statement of Changes in Net Assets for the period due to creations and redemptions occurring at the Index Price for each Fund Component as defined in the LLC Agreement.