The financial highlights summarize certain per share operating
information and financial ratios of net investment income (loss) and expenses, to daily average net assets for the year ended December
31, 2024. An individual investor’s return and ratios may vary based on the timing of capital transactions:
| |
Year
Ended
December 31, 2024 | |
| Net asset value per share, beginning
of period | |
$ | 12.50 | |
| | |
| | |
| From investment operations: | |
| | |
| Net investment loss(c) | |
| (0.00) | (d) |
| Net realized gain and change in
unrealized appreciation/depreciation on investments in bitcoin(e) | |
| 13.90 | |
| Total increase resulting from operations | |
| 13.90 | |
| | |
| | |
| Net asset value per share, end of period(f) | |
$ | 26.40 | |
| | |
| | |
| Total return(g) | |
| 111.20% | |
| | |
| | |
| Ratios to average net assets(h) | |
| | |
| Expenses before fee waiver | |
| 0.20% | (i) |
| Expenses after fee waiver | |
| 0.01% | (i) |
| Net investment loss | |
| (0.01)% | (i) |
| Portfolio turnover rate(g) | |
| 40.03% | |
| (a) | No prior year comparative financial statements have been provided as the Trust did not have any operations as of December 31, 2023. |
| (b) | On February 14, 2025 the Trust effected a 4 for 1 share split. Per share data has been adjusted to reflect the share split. |
| (c) | Net investment loss per share has been calculated based upon an average of daily shares outstanding. |
| (d) | Amount rounds to greater than ($0.005) |
| (e) | The amount shown for a share outstanding throughout the year may not agree with the change in the aggregate gains and losses for the year because of the timing of sales and repurchases of the Trust’s shares in relation to fluctuating market values for the Trust. |
| (f) | Returns are not annualized and include adjustments required by GAAP. Returns for financial statements purposes may differ from net asset values and performance reported elsewhere by the Trust. |
| (g) | Non-annualized. |
| (h) | Annualized. |
| (i) | Calculated based upon daily average net assets from January 10, 2024 (Date of Effectiveness) to December 31, 2024. |
|