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Financial Highlights
 9 Months Ended
Sep. 30, 2025
Investment Company, Financial Highlights [Abstract]  
Investment Company, Financial Highlights [Text Block]

Note 8. Financial Highlights(a)

 

The financial highlights summarize certain per share operating information and financial ratios of net investment income (loss) and expenses, to daily average net assets for the periods below. An individual investor’s return and ratios may vary based on the timing of capital transactions:

 

   Three Months Ended
September 30,		   Nine Months Ended
September 30,		 
   2025   2024   2025   2024 
Net asset value per share, beginning of period  $30.33   $17.52   $26.40   $12.50 
                     
From investment operations:                     
Net investment loss(b)   0.00    0.00    0.00    0.00(c) 
Net realized gain and change in unrealized appreciation (depreciation) from investments in bitcoin(d)   1.98    0.39    5.91    5.41 
Net increase resulting from operations   1.98    0.39    5.91    5.41 
                     
Net asset value per share, end of period  $32.31   $17.91   $32.31   $17.91 
                     
Total return(e)   6.53%    2.26%    22.39%    43.28% 
                     
Ratios to average net assets(f)                    
                     
Expenses before fee waiver   0.20%    0.20%    0.20%    0.20% 
Expenses after fee waiver   0.00%    0.00%    0.00%    0.02% 
Net investment loss   0.00%    0.00%    0.00%    (0.02)% 

 

(a) On February 14, 2025 the Trust effected a 4 for 1 share split. Per share data prior to that date has been adjusted to reflect the share split.
(b) Net investment loss per share has been calculated based upon an average of daily shares outstanding.
(c) Amount rounds to less than $0.005.
(d) The amount shown for a share outstanding throughout the year may not agree with the change in the aggregate gains and losses for the period because of the timing of sales and repurchases of the Trust’s shares in relation to fluctuating market values for the Trust.
(e) Returns are not annualized and inc lude adjustments required by GAAP. Returns for financial statements purposes may differ from net asset values and performance reported elsewhere by the Trust.
(f) Annualized.