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The Initial Distribution from the Grayscale Bitcoin Trust ETF - Additional Information (Details)
5 Months Ended
Nov. 19, 2024
Jul. 31, 2024
USD ($)
Bitcoin
$ / shares
shares
Jul. 30, 2024
$ / shares
Jul. 19, 2024
Dec. 31, 2024
$ / shares
shares
Distribution Made to Limited Liability Company (LLC) Member [Line Items]          
Reverse share split On November 19, 2024, the Trust completed a 1-for-5 Reverse Share Split of the Trust’s issued and outstanding Shares. In connection with the Reverse Share Split, shareholders of record on November 19, 2024 received one Share of the Trust for every five Shares held.        
Reverse stock split, conversion ratio 0.2        
Amount of bitcoin distributed by the trust | Bitcoin   26,935.83753443      
Exchange for stock issuance [1],[2],[3],[4],[5]         60,738,020
Exchange price per share | $ / shares [6]     $ 28.92   $ 41.39 [7]
BTC Trust [Member]          
Distribution Made to Limited Liability Company (LLC) Member [Line Items]          
Initial distrubition, description         On July 19, 2024, the Sponsor of the Trust issued a press release announcing that the Sponsor, at the direction of its board of directors declared a pro rata distribution on the Shares of the Trust, pursuant to which each holder of Grayscale Bitcoin Trust ETF (“GBTC”) shares as of 4:00 PM ET on July 30, 2024 (the “Record Date,” and such holders, the “GBTC Record Holders”) was entitled to receive Shares of the Trust, in connection with its previously announced initial creation and distribution of Shares of the Trust (such transactions collectively, the “Initial Distribution”), as described in a definitive information statement on Schedule 14C filed with the Securities and Exchange Commission on July 30, 2024 by GBTC.
Reverse share split 1-for-5        
Reverse stock split, conversion ratio 0.2        
Percentage of bitcoin distributed by the trust   10.00% 10.00%    
Previously announced shares distributed   60,738,020      
Amount of bitcoin distributed by the trust | Bitcoin   26,935.83753443      
Value of bitcoin distributed by the trust | $   $ 1,756,821,047      
Initial distribution ratio     1    
Exchange for stock issuance   60,738,020      
Exchange price per share | $ / shares   $ 28.92      
BTC Trust [Member] | Dividend Distribution [Member]          
Distribution Made to Limited Liability Company (LLC) Member [Line Items]          
Declared date       Jul. 19, 2024  
Record date     Jul. 30, 2024    
[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 ETF, completed on July 31, 2024, as discussed in Note 4.
[2] 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.
[3] No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.
[4] 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.
[5] 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.
[6] Per 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.
[7] No comparative financial statements have been provided as the Trust’s operations commenced on July 31, 2024. Prior to the commencement of operations on July 31, 2024, the Sponsor redeemed the initial seed capital of 10,000 shares for $100,000.