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Creation and Redemption of Shares (Tables)
12 Months Ended
Dec. 31, 2025
Creation and Redemption of Shares [Abstract]  
Schedule of Third-Party is Unaffiliated with the Trust and the Sponsor
   Year
Ended
December 31,
2025
   Year
Ended
December 31,
2024
   For the Period December 12, 2023 (initial Seed Creation Date) through December 31, 2023 
Activity in Capital Shares:            
Shares issued   172,675,000    286,680,000 #   6#
Shares redeemed   (198,990,000)   (146,610,006) #         - 
Net Change in Capital Shares   (26,315,000)   140,069,994    6#

 

#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.

 

(Amounts in thousands)  Year
Ended
December 31,
2025
   Year
Ended
December 31,
2024
   For the Period December 12, 2023 (initial Seed Creation Date) through December 31, 2023 
Activity in Capital Transactions            
Contributions for shares issued  $5,811,509   $5,904,040    
-
 ^
Distributions for shares redeemed   (6,636,170)   (3,443,401)   
     -
 
Net Change in Capital Transactions  $(824,661)  $2,460,639    
-
^

 

^ Amount rounds to less than $1,000.
Schedule of Bitcoin Purchased Payable

Bitcoin purchased payable represents the quantity of bitcoin purchased for the creation of Shares where the bitcoin has not yet settled. Generally, bitcoin is transferred within two Business Days of the trade date.

 

(Amounts in thousands)  December 31,
2025
   December 31,
2024
 
           
Bitcoin purchased payable  $
     -
   $
       -
 
Schedule of Bitcoin Sold Receivable

Bitcoin sold receivable represents the quantity of bitcoin sold for the redemption of Shares where the bitcoin has not yet been settled. Generally, bitcoin is transferred within two Business Days of the trade date.

 

(Amounts in thousands)  December 31,
2025
   December 31,
2024
 
           
Bitcoin sold receivable  $76,534   $11,227