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v3.25.1

Investments in Bitcoin (Tables) | 3 Months Ended
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Mar. 31, 2025
Schedule of Investments [Abstract] |
Summary of Transactions and Earnings from Investments in Bitcoin | The following is a summary of the transactions in, and earnings from, investments in bitcoin for the three months ended March 31, 2025 and 2024.
| Fair Value |
Opening Balance as of 12/31/2024 | $ | 727,789,330 |
Purchases at Cost |  | 28,373,793 |
Proceeds from Sales to Pay Sponsor Fee |  | (481,815 | )
Proceeds from bitcoin sold for Redemptions |  | (246,403,149 | )
Change in Unrealized Appreciation (Depreciation) |  | (133,944,630 | )
Net Realized (Gain) Loss from Investments in Bitcoin Sold to pay Sponsor Fee |  | 88,948 |
Net Realized (Gain) Loss from Investments in Bitcoin Sold for Redemptions |  | 60,847,702 |
Ending Balance as of 03/31/2025 | $ | 436,270,179 |
| Fair Value |
Opening Balance as of 12/31/2023 | $ | — |
Purchases at Cost |  | 405,177,933 |
Proceeds from bitcoin sold for Redemptions |  | (172,678,972 | )
Change in Unrealized Appreciation (Depreciation) |  | 148,790,853 |
Net Realized (Gain) Loss from Investments in Bitcoin Sold for Redemptions |  | 37,026,114 |
Ending Balance as of 03/31/2024 | $ | 418,315,928 |

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