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Statements of Assets and Liabilities - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Investment in bitcoin, at fair value (cost $2,027,005 and $2,122,874 as of December 31, 2025 and 2024, respectively) $ 3,367,647 $ 3,762,723
Receivable for bitcoin sold 13,759  
Receivable for creations 0 8,676
Total assets 3,381,406 3,771,399
Liabilities    
Payable for bitcoin purchased   8,676
Payable for redemptions 13,759  
Sponsor Fee payable 597 684
Total liabilities 14,356 9,360
Net Assets $ 3,367,050 $ 3,762,039 [1]
Shares issued 70,780,000 73,980,000
Shares outstanding 70,780,000 73,980,000
Principal Market NAV per share $ 47.57 $ 50.85
[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.