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Statements of Changes in Net Assets - USD ($) $ in Thousands | 12 Months Ended
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Dec. 31, 2025 | Dec. 31, 2024
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract] |  |  |  |
Net investment loss |  | $ (8,132) | $ (3,671) |
Net realized gain (loss) on investment in bitcoin transferred to pay Sponsor Fee |  | 5,019 | 1,288 |
Net realized gain (loss) on investment in bitcoin sold for redemptions |  | (42,062) | (50,869) |
Net change in unrealized appreciation (depreciation) |  | (299,207) | 1,639,849 |
Net increase (decrease) in net assets resulting from operations |  | (344,382) | 1,586,597 |
Increase (decrease) in net assets from capital share transactions |  |  |  |
Creations for Shares issued |  | 2,419,885 | 3,902,520 |
Redemptions for Shares redeemed |  | (2,470,492) | (1,727,078) |
Net increase (decrease) in net assets resulting from capital share transactions |  | (50,607) | 2,175,442 |
Total increase (decrease) in net assets from operations and capital share transactions |  | (394,989) | 3,762,039 |
Net assets |  |  |  |
Beginning of period | [1] | 3,762,039 | 0 |
End of period |  | $ 3,367,050 | $ 3,762,039 | [1]
Increase (Decrease) in Partners' Capital [Roll Forward] |  |  |  |
Shares issued |  | 42,610,000 | 117,270,000 |
Shares redeemed |  | (45,810,000) | (43,290,000) |
Net increase (decrease) in Shares issued and outstanding |  | (3,200,000) | 73,980,000 |
[1] | Prior to commencement of operations on January 10, 2024, Bitwise Asset Management, Inc. (“BAM”) redeemed the initial seed capital of 4 Shares for $200.00, Bitwise Investment Manager, LLC, an affiliate of the Sponsor, purchased 10,010 Shares of the Trust for $500,500 and then subsequently redeemed those Shares and the Trust formally revised its NAV per Share from $50.00 per Share to $25.00 per Share.

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