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STATEMENT OF OPERATIONS (UNAUDITED) $ in Thousands | 3 Months Ended
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Mar. 31, 2025 USD ($) | [1]
Investment income: |
Investment income | $ 0
Expenses: |
Sponsor's Fee, related party | 1,398
Net investment loss | (1,398)
Net realized and unrealized loss from: |
Net realized gain on investment in Bitcoin sold to pay expenses | 302
Net realized gain on investment in Bitcoin sold for redemption of Shares | 33,734
Net change in unrealized appreciation on investment in Bitcoin | (524,750)
Net realized and unrealized loss on investment | (490,714)
Net decrease in net assets resulting from operations | $ (492,112)
[1] | 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.

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