Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
The following table shows the Trust’s quarterly financial information for 2024.
Three Months Ended (Unaudited)
March 31,
2024
June 30,
2024
September 30,
2024
December 31,
2024
Expenses
Sponsor’s fees
$
4,211,219
$
11,510,364
$
13,122,598
$
24,612,913
Sponsor’s fees waived
(1,074,550
)
(1,616,120
)
(1,633,880
)
(1,633,879
)
Total expenses
3,136,669
9,894,244
11,488,718
22,979,034
Net investment loss
(3,136,669
)
(9,894,244
)
(11,488,718
)
(22,979,034
)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from:
Bitcoin sold to pay expenses
100,525
1,354,605
(562,447
)
17,919,200
Bitcoin sold for the redemption of Shares
—
872,888
(86,430
)
102,965,312
Net realized gain (loss)
100,525
2,227,493
(648,877
)
120,884,512
Net change in unrealized appreciation/depreciation on investment in bitcoin
3,806,745,993
(2,102,796,450
)
119,089,128
12,334,032,271
Net realized and unrealized gain (loss)
3,806,846,518
(2,100,568,957
)
118,440,251
12,454,916,783
Net increase (decrease) in net assets resulting from operations
$
3,803,709,849
$
(2,110,463,201
)
$
106,951,533
$
12,431,937,749
Net increase (decrease) in net assets per Share
$
19.07
$
(4.25
)
$
0.18
$
15.33
See Index to Financial Statements on page F-1 for a list of the financial statements being filed herein.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
There have been no changes in accountants and no disagreements with accountants during the year ended December 31, 2024.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.