Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2024 | Apr. 30, 2024 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001980994 | |
Entity Registrant Name | iShares Bitcoin Trust | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2024 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2024 | |
Document Transition Report | false | |
Entity File Number | 001-41914 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 93-6461129 | |
Entity Address, Address Line One | 400 Howard Street | |
Entity Address, City or Town | San Francisco | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 94105 | |
City Area Code | 415 | |
Local Phone Number | 670-2000 | |
Title of 12(b) Security | Shares | |
Trading Symbol | IBIT | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 481,880,000 |
Statements of Assets and Liabil
Statements of Assets and Liabilities (Unaudited) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 | |
Assets | |||
Investment in bitcoin, at fair value | [1] | $ 17,791,246,945 | $ 0 |
Cash | 140,552 | 100,000 | |
Total Assets | 17,791,387,497 | 100,000 | |
Liabilities | |||
Sponsor’s fees payable | 2,502,615 | 0 | |
Total Liabilities | 2,502,615 | 0 | |
Commitments and contingent liabilities (Note 6) | |||
Net Assets | $ 17,788,884,882 | $ 100,000 | |
Shares issued and outstanding (in shares) | [2] | 442,400,000 | 4,000 |
Net asset value per Share (Note 2C) (in dollars per share) | $ 40.21 | $ 25 | |
[1]Cost of investment in bitcoin: $13,984,500,952 and $0, respectively.[2]No par value, unlimited amount authorized. |
Statements of Assets and Liab_2
Statements of Assets and Liabilities (Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Investment in bitcoin, cost | $ 13,984,500,952 | $ 0 |
Shares, par value (in dollars per share) | $ 0 | $ 0 |
Shares, issued (in shares) | 442,400,000 | 4,000 |
Statement of Operations (Unaudi
Statement of Operations (Unaudited) | 3 Months Ended | |
Mar. 31, 2024 USD ($) $ / shares | ||
Expenses | ||
Sponsor’s fees | $ 4,211,219 | |
Sponsor’s fees waiver | (1,074,550) | |
Total expenses | 3,136,669 | |
Net investment loss | (3,136,669) | |
Net Realized and Unrealized Gain (Loss) | ||
Bitcoin sold to pay expenses | 100,525 | |
Bitcoin sold for the redemption of Shares | 0 | |
Net realized gain | 100,525 | |
Net change in unrealized appreciation/depreciation | 3,806,745,993 | |
Net realized and unrealized gain | 3,806,846,518 | |
Net increase in net assets resulting from operations | $ 3,803,709,849 | |
Net increase in net assets per Share (in dollars per share) | $ / shares | $ 19.07 | [1] |
[1]Net increase in net assets per Share based on average shares outstanding during the period. |
Statement of Changes in Net Ass
Statement of Changes in Net Assets (Unaudited) | 3 Months Ended |
Mar. 31, 2024 USD ($) shares | |
Net Assets, Beginning of Period | $ 100,000 |
Operations: | |
Net investment loss | (3,136,669) |
Net realized gain | 100,525 |
Net change in unrealized appreciation/depreciation | 3,806,745,993 |
Net increase in net assets resulting from operations | 3,803,709,849 |
Capital Share Transactions: | |
Contributions for Shares issued | 13,985,175,033 |
Distributions for Shares redeemed | (100,000) |
Net increase in net assets from capital share transactions | 13,985,075,033 |
Increase in net assets | 17,788,784,882 |
Net Assets, End of Period | $ 17,788,884,882 |
Shares issued and redeemed | |
Shares issued (in shares) | shares | 442,400,000 |
Shares redeemed (in shares) | shares | (4,000) |
Net increase in Shares issued and outstanding (in shares) | shares | 442,396,000 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) | 3 Months Ended |
Mar. 31, 2024 USD ($) | |
Cash Flows from Operating Activities | |
Net increase in net assets resulting from operations | $ 3,803,709,849 |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |
Purchases of bitcoin | (13,984,757,957) |
Proceeds from bitcoin sold to pay expenses | 357,530 |
Net realized (gain) loss | (100,525) |
Net change in unrealized appreciation/depreciation | (3,806,745,993) |
Change in operating assets and liabilities: | |
Sponsor’s fees payable | 2,502,615 |
Net cash used in operating activities | (13,985,034,481) |
Cash Provided by Financing Activities | |
Proceeds from issuance of Shares | 13,985,175,033 |
Payments on Shares redeemed | (100,000) |
Net cash provided by financing activities | 13,985,075,033 |
Cash | |
Net increase in cash | 40,552 |
Cash, beginning of period | 100,000 |
Cash, end of period | $ 140,552 |
Schedule of Investments (Unaudi
Schedule of Investments (Unaudited) | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Schedule of Investments [Text Block] | ® Schedule of Investments (Unaudited) At March 31, 2024 March 31, 2024 Description Quantity Cost Fair Value Bitcoin 252,011 $ 13,984,500,952 $ 17,791,246,945 Total Investments – 100.01 17,791,246,945 Other Assets less Liabilities – (0.01) (2,362,063 ) Net Assets – 100.00 $ 17,788,884,882 See notes to financial statements. |
Note 1 - Organization
Note 1 - Organization | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | 1 The iShares Bitcoin Trust (the “Trust”) was organized on June 8, 2023 October 17, 2023. On January 5, 2024, January 5, 2024. The Trust’s registration statement on Form S- 1 January 10, 2024 ( January 11, 2024. The Trust seeks to reflect generally the performance of the price of bitcoin. The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. The Shares are intended to constitute a simple means for an investor to make an investment similar to an investment in bitcoin. The accompanying unaudited financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10 not 10 December 31, 2023, March 4, 2024. The Trust qualifies as an investment company solely for accounting purposes and not 946, not not 1940, |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2 A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. B. Bitcoin Coinbase Custody Trust Company, LLC (the “Bitcoin Custodian”) is responsible for safekeeping the bitcoin owned by the Trust. The Bitcoin Custodian is appointed by the Trustee. The net asset value of the Trust equals the total assets of the Trust, which consists solely of bitcoin and cash, less total liabilities of the Trust, each determined by the Trustee pursuant to policies established from time to time by the Trustee or its affiliates or otherwise described herein. The Trust’s periodic financial statements are prepared in accordance with the Financial Accounting Standards Board Accounting Standards Codification Topic 820, 820” 11:59 third third The Sponsor has the exclusive authority to determine the Trust’s net asset value, which it has delegated to the Trustee under the Trust Agreement. The Trustee has delegated to the Trust Administrator the responsibility to calculate the net asset value of the Trust and the net asset value per Share (“NAV”), based on a pricing source selected by the Trustee. In determining the Trust’s net asset value, the Trust Administrator values the bitcoin held by the Trust based on an index (the “Index”), unless the Sponsor in its sole discretion determines that the Index is unreliable. The methodology used to calculate the Index price to value bitcoin in determining the net asset value of the Trust may not not not not may Additionally, the Trust Administrator monitors for unusual prices and escalates to the Trustee if detected. If the CF Benchmarks Index is not 4:00 4:00 not 5:30 no 8:00 4:00 5:30 The Trust’s periodic financial statements do not not Gain or loss on sales of bitcoin is calculated on a trade date basis using the average cost method. The following tables summarize activity in bitcoin for the three March 31, 2024: Three Months Ended March 31, 2024 Quantity Cost Fair Value Realized Beginning balance — $ — $ — $ — Bitcoin purchased 252,016 13,984,757,957 13,984,757,957 — Bitcoin sold for the redemption of shares — — — — Bitcoin sold to pay expenses (5 ) (257,005 ) (357,530 ) 100,525 Net realized gain — — 100,525 — Net change in unrealized appreciation/depreciation — — 3,806,745,993 — Ending balance 252,011 $ 13,984,500,952 $ 17,791,246,945 $ 100,525 C. Calculation of Net Asset Value On each Business Day, as soon as practicable after 4:00 D. Cash and Cash Equivalents Cash includes non-interest bearing, non-restricted cash maintained with one not E. Offering of the Shares Shares are issued and redeemed continuously in aggregations of 40,000 Shares (a “Basket”) or integral multiples thereof, based on the quantity of bitcoin attributable to each Share (net of accrued but unpaid Sponsor’s fee and any accrued but unpaid expenses or liabilities). Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). F. F ederal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no March 31, 2024 not |
Note 3 - Trust Expenses
Note 3 - Trust Expenses | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Trust Expenses [Text Block] | 3 The Sponsor’s fee is accrued daily at an annualized rate equal to 0.25% of the net asset value of the Trust and is payable at least quarterly in arrears in U.S. dollars or in-kind or any combination thereof. The Sponsor may, no no not twelve January 11, 2024, first March 31, 2024, The Sponsor has agreed to assume the marketing and the following administrative expenses of the Trust: the fees of the Trustee, the Delaware Trustee, the Trust Administrator, the Bitcoin Custodian, and The Bank of New York Mellon (the “Cash Custodian”), NASDAQ listing fees, SEC registration fees, printing and mailing costs, tax reporting fees, audit fees, license fees and expenses and up to $500,000 per annum in ordinary legal fees and expenses. The Sponsor may not |
Note 4 - Related Parties
Note 4 - Related Parties | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 4 The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee’s fee is paid by the Sponsor and is not As of March 31, 2024, |
Note 5 - Indemnification
Note 5 - Indemnification | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Indemnification [Text Block] | 5 The Trust Agreement provides that the Sponsor shall indemnify the Trustee, its directors, employees, delegees and agents against, and hold each of them harmless from, any loss, liability, claim, cost, expense or judgment of any kind whatsoever (including the reasonable fees and expenses of counsel) that is incurred by any of them and that arises out of or is related to ( 1 2 3 not x not The Trust Agreement provides that the Trustee shall indemnify the Sponsor, its directors, employees, delegees and agents against, and hold each of them harmless from, any loss, liability, claim, cost, expense or judgment of any kind whatsoever (including the reasonable fees and expenses of counsel) ( 1 2 not The Trust Agreement provides that the Sponsor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, 1 2 The Trust has agreed that the Cash Custodian will only be responsible for any loss or damage suffered by the Trust as a direct result of the Cash Custodian’s negligence, fraud or willful default in the performance of its duties. The Trust’s maximum exposure under these arrangements is unknown because it involves future potential claims against the Trust, which cannot be predicted with any certainty. |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingent Liabilities | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 6 In the normal course of business, the Trust may may not |
Note 7 - Concentration Risk
Note 7 - Concentration Risk | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 7 Substantially all of the Trust’s assets are holdings of bitcoin, which creates a concentration risk associated with fluctuations in the value of bitcoin. Accordingly, a decline in the value of bitcoin will have an adverse effect on the value of the Shares of the Trust. Factors that may |
Note 8 - Financial Highlights
Note 8 - Financial Highlights | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Financial Highlights [Text Block] | 8 The following financial highlights relate to investment performance and operations for a Share outstanding for the three March 31, 2024. Three Months Ended March 31, 2024 Net asset value per Share, beginning of period $ 25.00 Net investment loss (a) (0.02 ) Net realized and unrealized gain (b) 15.23 Net increase in net assets from operations 15.21 Net asset value per Share, end of period $ 40.21 Total return, at net asset value (c)(d)(e)(f) 52.94 % Ratio to average net assets: Net investment loss (g) (0.18 )% Total expenses (g) 0.24 % Total expenses after fees waived (g) 0.18 % (a) Based on average Shares outstanding during the period. (b) The amounts reported for a Share outstanding may not (c) Based on the change in net asset value of a Share during the period. (d) Percentage is not (e) For the period January 10, 2024 ( March 31, 2024. (f) For the period January 1, 2024 March 31, 2024, (g) Percentage is annualized. |
Note 9 - Investment Valuation
Note 9 - Investment Valuation | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9 U.S. GAAP defines fair value as the price the Trust would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Trust’s policy is to value its investment at fair value. Various inputs are used in determining the fair value of assets and liabilities. Inputs may may three three Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 Inputs other than quoted prices included within Level 1 not Level 3 Unobservable inputs that are unobservable for the asset or liability, including the Trust’s assumptions used in determining the fair value of investments. At March 31, 2024, 1. |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Mar. 31, 2024 | |
Insider Trading Arr Line Items | |
Material Terms of Trading Arrangement [Text Block] | 5. Not |
Rule 10b5-1 Arrangement Terminated [Flag] | false |
Rule 10b5-1 Arrangement Adopted [Flag] | false |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Investment, Policy [Policy Text Block] | B. Bitcoin Coinbase Custody Trust Company, LLC (the “Bitcoin Custodian”) is responsible for safekeeping the bitcoin owned by the Trust. The Bitcoin Custodian is appointed by the Trustee. The net asset value of the Trust equals the total assets of the Trust, which consists solely of bitcoin and cash, less total liabilities of the Trust, each determined by the Trustee pursuant to policies established from time to time by the Trustee or its affiliates or otherwise described herein. The Trust’s periodic financial statements are prepared in accordance with the Financial Accounting Standards Board Accounting Standards Codification Topic 820, 820” 11:59 third third The Sponsor has the exclusive authority to determine the Trust’s net asset value, which it has delegated to the Trustee under the Trust Agreement. The Trustee has delegated to the Trust Administrator the responsibility to calculate the net asset value of the Trust and the net asset value per Share (“NAV”), based on a pricing source selected by the Trustee. In determining the Trust’s net asset value, the Trust Administrator values the bitcoin held by the Trust based on an index (the “Index”), unless the Sponsor in its sole discretion determines that the Index is unreliable. The methodology used to calculate the Index price to value bitcoin in determining the net asset value of the Trust may not not not not may Additionally, the Trust Administrator monitors for unusual prices and escalates to the Trustee if detected. If the CF Benchmarks Index is not 4:00 4:00 not 5:30 no 8:00 4:00 5:30 The Trust’s periodic financial statements do not not Gain or loss on sales of bitcoin is calculated on a trade date basis using the average cost method. The following tables summarize activity in bitcoin for the three March 31, 2024: Three Months Ended March 31, 2024 Quantity Cost Fair Value Realized Beginning balance — $ — $ — $ — Bitcoin purchased 252,016 13,984,757,957 13,984,757,957 — Bitcoin sold for the redemption of shares — — — — Bitcoin sold to pay expenses (5 ) (257,005 ) (357,530 ) 100,525 Net realized gain — — 100,525 — Net change in unrealized appreciation/depreciation — — 3,806,745,993 — Ending balance 252,011 $ 13,984,500,952 $ 17,791,246,945 $ 100,525 |
Calculation of Net Asset Value [Policy Text Block] | C. Calculation of Net Asset Value On each Business Day, as soon as practicable after 4:00 |
Cash and Cash Equivalents, Policy [Policy Text Block] | D. Cash and Cash Equivalents Cash includes non-interest bearing, non-restricted cash maintained with one not |
Offering of the Shares [Policy Text Block] | E. Offering of the Shares Shares are issued and redeemed continuously in aggregations of 40,000 Shares (a “Basket”) or integral multiples thereof, based on the quantity of bitcoin attributable to each Share (net of accrued but unpaid Sponsor’s fee and any accrued but unpaid expenses or liabilities). Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). |
Income Tax, Policy [Policy Text Block] | F. F ederal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no March 31, 2024 not |
Schedule of Investments (Unau_2
Schedule of Investments (Unaudited) (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Investment [Table Text Block] | Description Quantity Cost Fair Value Bitcoin 252,011 $ 13,984,500,952 $ 17,791,246,945 Total Investments – 100.01 17,791,246,945 Other Assets less Liabilities – (0.01) (2,362,063 ) Net Assets – 100.00 $ 17,788,884,882 |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Activity in Bitcoin [Table Text Block] | Three Months Ended March 31, 2024 Quantity Cost Fair Value Realized Beginning balance — $ — $ — $ — Bitcoin purchased 252,016 13,984,757,957 13,984,757,957 — Bitcoin sold for the redemption of shares — — — — Bitcoin sold to pay expenses (5 ) (257,005 ) (357,530 ) 100,525 Net realized gain — — 100,525 — Net change in unrealized appreciation/depreciation — — 3,806,745,993 — Ending balance 252,011 $ 13,984,500,952 $ 17,791,246,945 $ 100,525 |
Note 8 - Financial Highlights (
Note 8 - Financial Highlights (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Financial Highlights [Table Text Block] | Three Months Ended March 31, 2024 Net asset value per Share, beginning of period $ 25.00 Net investment loss (a) (0.02 ) Net realized and unrealized gain (b) 15.23 Net increase in net assets from operations 15.21 Net asset value per Share, end of period $ 40.21 Total return, at net asset value (c)(d)(e)(f) 52.94 % Ratio to average net assets: Net investment loss (g) (0.18 )% Total expenses (g) 0.24 % Total expenses after fees waived (g) 0.18 % |
Schedule of Investments (Unau_3
Schedule of Investments (Unaudited) - Investments (Details) | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) |
Bitcoin | 252,011 | 0 |
Investment in bitcoin, cost | $ 13,984,500,952 | $ 0 |
Bitcoin fair value | 17,791,246,945 | |
Other Assets less Liabilities | (2,362,063) | |
Net Assets | $ 17,788,884,882 | $ 100,000 |
Schedule of Investments (Unau_4
Schedule of Investments (Unaudited) - Investments (Details) (Parentheticals) | Mar. 31, 2024 |
Total investment, percentage of net asset value | 100.01% |
Other Assets less liabilities, percentage of net asset value | (0.01%) |
Net assets, percentage of net asset value | 100% |
Note 1 - Organization (Details
Note 1 - Organization (Details Textual) - USD ($) | 3 Months Ended | |
Jan. 05, 2024 | Mar. 31, 2024 | |
Shares of Stock Classifed as Temporary Equity Surrendered During Reporting Period (in shares) | 4,000 | |
Value of Stock Classified as Temporary Equity Surrendered During Reporting Period | $ 100,000 | |
Stock Issued During Period, Shares, New Issues (in shares) | 442,400,000 | |
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value | 0.25% | 0.25% |
BlackRock Financial Management, Inc. [Member] | ||
Shares of Stock Classifed as Temporary Equity Surrendered During Reporting Period (in shares) | 4,000 | |
Value of Stock Classified as Temporary Equity Surrendered During Reporting Period | $ 100,000 | |
Shares Redeemed, Price Per Share (in dollars per share) | $ 25 | |
Stock Issued During Period, Shares, New Issues (in shares) | 400,000 | |
Shares Issued, Price Per Share (in dollars per share) | $ 25 | |
Stock Issued During Period, Value, New Issues | $ 10,000,000 |
Note 2 - Significant Accounti_3
Note 2 - Significant Accounting Policies (Details Textual) | Mar. 31, 2024 shares |
Shares Prescribed Aggregation (in shares) | 40,000 |
Note 2 - Significant Accounti_4
Note 2 - Significant Accounting Policies - Activity in Bitcoin (Details) | 3 Months Ended |
Mar. 31, 2024 USD ($) | |
Beginning balance | 0 |
Beginning balance, average cost | $ 0 |
Beginning balance, fair value | $ 0 |
Bitcoin purchased | 252,016 |
Bitcoin purchased, average cost | $ 13,984,757,957 |
Bitcoin purchased, fair value | $ 13,984,757,957 |
Bitcoin sold for the redemption of shares | 0 |
Bitcoin sold for the redemption of shares, average cost | $ 0 |
Bitcoin sold for the redemption of shares, fair value | |
Bitcoin sold for the redemption of shares, realized gain (loss) | $ 0 |
Bitcoin sold to pay expenses | (5) |
Bitcoin sold to pay expenses, average cost | $ (257,005) |
Bitcoin sold to pay expenses, fair value | (357,530) |
Bitcoin sold to pay expenses, realized gain (loss) | 100,525 |
Net realized gain, fair value | 100,525 |
Net change in unrealized appreciation/depreciation, fair value | $ 3,806,745,993 |
Ending balance | 252,011 |
Ending balance, average cost | $ 13,984,500,952 |
Ending balance, fair value | 17,791,246,945 |
Ending balance, realized gain (loss) | $ 100,525 |
Note 3 - Trust Expenses (Detail
Note 3 - Trust Expenses (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Jan. 05, 2024 | Mar. 31, 2024 | Jan. 11, 2025 | |
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value | 0.25% | 0.25% | |
Sponsor Fees Waived | $ 1,074,550 | ||
Maximum [Member] | |||
Legal Fees Per Year | $ 500,000 | ||
Forecast [Member] | |||
Sponsors Fee After Fee Waiver, Percentage | 0.12% | ||
Maximum Amount of Trust Assets for Sponsor's Fee After Fee Waiver | $ 5,000,000,000 |
Note 4 - Related Parties (Detai
Note 4 - Related Parties (Details Textual) - BlackRock Financial Management, Inc. [Member] | Mar. 31, 2024 shares |
Shares, Issued (in shares) | 400,000 |
Ownerhsip Percentage | 0.09% |
Note 8 - Financial Highlights_2
Note 8 - Financial Highlights (Details Textual) | 3 Months Ended |
Mar. 31, 2024 | |
Investment Company, Total Return | 60.84% |
Note 8 - Financial Highlights -
Note 8 - Financial Highlights - Financial Highlights (Details) | 3 Months Ended | |
Mar. 31, 2024 $ / shares | ||
Net asset value per Share, beginning of period (in dollars per share) | $ 25 | |
Net investment loss (in dollars per share) | (0.02) | [1] |
Net realized and unrealized gain (in dollars per share) | 15.23 | [2] |
Net increase in net assets from operations (in dollars per share) | 15.21 | |
Net asset value per Share, end of period (in dollars per share) | $ 40.21 | |
Total return, at net asset value | 52.94% | [3],[4],[5],[6] |
Ratio to average net assets: | ||
Net investment loss | (0.18%) | [7] |
Total expenses | 0.24% | [7] |
Total expenses after fees waived | 0.18% | [7] |
[1]Based on average Shares outstanding during the period.[2]The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Share transactions in relation to the fluctuating fair values of the Trust’s underlying investment.[3]Based on the change in net asset value of a Share during the period.[4]For the period January 1, 2024 to March 31, 2024, the Trust’s total return was 60.84%.[5]For the period January 10, 2024 (Effective Date) to March 31, 2024.[6]Percentage is not annualized.[7]Percentage is annualized. |