Financial Highlights

3 Months Ended

Mar. 31, 2025

Investment Company, Financial Highlights [Abstract]

7. Financial Highlights

Per-Share Performance (for a Share outstanding throughout the periods presented)


	Three months ended March 31, 2025				For the period January 10, 2024 (commencement of operations) through March 31, 2024
Principal Market NAV per-share, beginning of period	$	50.85			$	25.00
Net investment loss 1		(0.03	)			(0.00	)
Net realized and change in unrealized on investment in bitcoin 2		(5.95	)			13.62
Net change in net assets from operations		(5.98	)			13.62
Principal Market NAV per-share, end of period	$	44.87			$	38.62

Total return, at net asset value 2		(11.76	)	%		54.48		%

Ratios to average net assets 3
Net investment loss		(0.20	)	%		(0.07	)	%
Gross expenses		0.20		%		0.20		%
Net expenses		0.20		%		0.07		%

Calculated using average Shares outstanding.

Total return is calculated based on the change in Principal Market NAV during the reporting period. An individual shareholder’s total return and ratios may vary from the above total return and ratios based on the timing of share transactions from the Trust. Total return for the period is not annualized.

Annualized.

Bitwise Bitcoin ETF 10-Q