Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
Financial report summary
?Management Discussion
- The Trust’s net asset value decreased from $543,197,988 at March 31, 2024, to $518,313,439 at June 30, 2024. The change in the Trust’s net assets resulted from an increase in outstanding Shares, which grew from 27,075,000 at March 31, 2024, to 29,545,000 at June 30, 2024, as a result of 4,960,000 Shares (992 Baskets) being created and 2,490,000 Shares (498 Baskets) being redeemed during the quarter, and a decrease in the value of bitcoin, which depreciated 12.5% from $70,764 at March 31, 2024, to $61,910 at June 31, 2024.
- The net asset value per Share decreased 12.6% from $20.06 at March 31, 2024 to $17.54 at June 30, 2024.
- The net asset value per Share of $20.36 at April 8, 2024 was the highest during the quarter, compared with a low of $16.42 at May 1, 2024.