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Financial Highlights
 12 Months Ended
Dec. 31, 2025
Financial Highlights [Abstract]  
Financial Highlights
8.Financial Highlights

 

Per Share Performance (for a Share outstanding throughout the period presented)

 

   For the Year ended December 31, 2025   For the Year ended December 31, 20245 
         
Net asset value per Share, beginning of period  $31.07    $              16.67 #
Net investment income (loss) on investment in bitcoin1   (0.07)   (0.05)
Net realized and change in unrealized gain (loss) on investment in bitcoin2   (1.94)   14.45 
Net change in net assets from operations   (2.01)   14.40 
Net asset value per Share, end of period  $29.06    $31.07 #
           
Total return, at net asset value3   (6.47)%   86.44%
           
Ratio to average net assets(4)          
Net investment income (loss)   (0.21)%   (0.21)%
Gross expenses   0.21%   0.21%
Net expenses   0.21%   0.21%

  

#On June 13, 2025 the Share Split occurred. Historical shares outstanding and NAV per share have been adjusted to reflect the Share Split on a retroactive basis.
1Calculated using average Shares outstanding.
2The amount shown for a share outstanding throughout the year may not agree with the change in the aggregate gains and losses for the year because of the timing of sales and repurchases of the Trust’s shares in relation to fluctuating market values for the Trust.
3Total return is calculated based on the change in value during the period and is not annualized. An individual shareholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from the Trust.
4Annualized.
5

No per share performance information for 2023 has been provided as 2024 is the first fiscal year of the Trust’s operations.