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Creations and Redemptions of Shares (Tables) | 2 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of activity in number of shares issued and redeemed |
|  | July 31, 2024 (the commencement of the Trust’s operations) to September 30, 2024 |
Activity in Number of Shares Issued and Redeemed: |  |  |
Shares issued |  |  | 81,590,000 |
Shares issued from Initial Distribution(1) |  |  | 303,690,100 |
Shares redeemed |  |  | (4,640,000 | )
Net Change in Number of Shares Issued and Redeemed |  |  | 380,640,100 |
(1) Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin, with a value of approximately $1,756.8 million from Grayscale Bitcoin Trust (BTC), completed on July 31, 2024, as discussed in Note 4.
Schedule of activity in value of shares issued and redeemed |
(Amounts in thousands) |  | July 31, 2024 (the commencement of the Trust’s operations) to September 30, 2024 |
Activity in Value of Shares Issued and Redeemed: |  |  |
Shares issued |  | $ | 443,672 |
Shares issued from Initial Distribution(1) |  |  | 1,756,821 |
Shares redeemed |  |  | (23,283 | )
Net Change in Value of Shares Issued and Redeemed |  | $ | 2,177,210 |
(1) Represents the impact of the Initial Distribution of 26,935.83753443 Bitcoin, with a value of approximately $1,756.8 million from Grayscale Bitcoin Trust (BTC), completed on July 31, 2024, as discussed in Note 4.
Investment owned balanced contract receivable |
(Amounts in thousands) |  | As of September 30, 2024 |
Bitcoin receivable |  | $ | - |
Investment owned balanced contract payable |
(Amounts in thousands) |  | As of September 30, 2024 |
Bitcoin payable |  | $ | - |

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