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Creations and Redemptions of Shares (Tables)

5 Months Ended

Dec. 31, 2024

Schedule of activity in number of shares issued and redeemed


	July 31, 2024 (the Commencement of the Trust’s Operations) to December 31, 2024
Activity in Number of Shares Issued and Redeemed:(1)
Shares issued		37,456,000
Shares issued from Initial Distribution(2)		60,738,020
Shares redeemed		(12,424,057	)
Net Change in Number of Shares Issued and Redeemed		85,769,963

(2)

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 ETF, 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 December 31, 2024
Activity in Value of Shares Issued and Redeemed:
Shares issued	$	1,275,420
Shares issued from Initial Distribution(2)		1,756,821
Shares redeemed		(460,574	)
Net Change in Value of Shares Issued and Redeemed	$	2,571,667

(1)

Share amounts have been retroactively adjusted to reflect the 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares completed on November 19, 2024.

(2)

Investment owned balanced contract receivable


	As of December 31, 2024
(Amounts in thousands)	2024
Bitcoin receivable	$	-

Investment owned balanced contract payable


	As of December 31, 2024
(Amounts in thousands)	2024
Bitcoin payable	$	-