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Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
[1]
Expenses    
Sponsor fee $ 9,767 $ 5,925
Total expenses 9,767 5,925
Less waiver and reimbursement (93)
Net expenses 9,767 5,832
Net investment loss (9,767) (5,832)
Realized and change in unrealized gain (loss)    
Net realized gain on investment in bitcoin sold to pay Sponsor fee 1,924 825
Net realized gain on investment in bitcoin sold for redemptions 1,234,569 621,878
Net change in unrealized appreciation (depreciation) on investment in bitcoin (1,449,030) 1,274,778
Net realized and change in unrealized gain (loss) (212,537) 1,897,481
Net increase (decrease) in net assets resulting from operations $ (222,304) $ 1,891,649
[1] No comparative statement for 2023 has been provided as 2024 is the first fiscal year of the Trust’s operations