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Fair Value of Bitcoin - Schedule of Changes in Quantity of Bitcoin and Fair Value (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
Bitcoin
Dec. 31, 2024
USD ($)
Bitcoin
Fair Value Disclosures [Abstract]    
Beginning balance | Bitcoin 40,289.1335  
In-kind creations | Bitcoin 124.9948  
In-kind creations $ 10,884  
Purchases | Bitcoin 21,837.2036 61,192.0644
Sales for the redemption of Shares | Bitcoin (23,701.7104) (20,859.6407)
Bitcoin transferred for Sponsor Fee | Bitcoin (81.5747) (43.2902)
Ending balance | Bitcoin 38,468.0468 40,289.1335
Beginning balance $ 3,762,723  
Purchases 2,290,437 $ 3,709,316
Sales for the redemption of Shares (2,351,927) (1,533,874)
Bitcoin transferred for Sponsor Fee (8,220) (2,987)
Net realized gain (loss) on investment in bitcoin transferred to pay Sponsor Fee 5,019 1,288
Net realized (gain) loss from investment in bitcoin sold for redemptions (42,062) (50,869)
Change in unrealized appreciation (depreciation) on investment in bitcoin (299,207) 1,639,849
Ending balance $ 3,367,647 $ 3,762,723