Invesco Galaxy Bitcoin ETF
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. FINANCIAL STATEMENTS
Statements of Financial Condition
June 30, 2024 and December 31, 2023
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments in Bitcoin, at value (cost $332,467,057 as of June 30, 2024) | $435,244,053 | $— |
| Cash held by custodian | — | 100,000 |
| Total Assets | $435,244,053 | $100,000 |
| Liabilities | ||
| Total Liabilities | $— | $— |
| Commitments and Contingencies (Note 9) | ||
| Net Assets | $435,244,053 | $100,000 |
| Net assets consist of: | ||
| Paid-in-capital | $298,409,051 | $100,000 |
| Distributable earnings (loss) | 136,835,002 | — |
| $435,244,053 | $100,000 | |
| Shares outstanding | 6,945,000 | 4,000 |
| Net asset value per share | $62.67 | $25.00 |
| Market value per share | $59.94 | $25.00 |
Schedule of Investments
June 30, 2024
| Description · Quantity · Cost · Fair Value · % of Net Assets | ||||||
|---|---|---|---|---|---|---|
| Cryptocurrency | ||||||
| Bitcoin | 6,945 | $332,467,057 | $435,244,053 | 100.00% | ||
| Total Investments | 6,945 | $332,467,057 | $435,244,053 | 100.00% | ||
| Other Assets Less Liabilities | $— | 0.00% | ||||
| Net assets | $435,244,053 | 100.00% | ||||
Statement of Income and Expenses
For the Three and Six Months Ended June 30, 2024
| Three Months Ended | Six Months Ended | |
|---|---|---|
| June 30, 2024 | June 30, 2024 | |
| Income | ||
| Total Income | $— | $— |
| Expenses | ||
| Sponsor Fees | 271,217 | 452,718 |
| Total Expenses | 271,217 | 452,718 |
| Less: Waivers | (271,217) | (452,718) |
| Net Expenses | — | — |
| Net Investment Income (Loss) | — | — |
| Net Realized and Net Change in Unrealized Gain (Loss) | ||
| Net Realized Gain (Loss) on Investments in Bitcoin | (3,068,108) | 33,958,006 |
| Net Change in Unrealized Gain (Loss) on Investments in Bitcoin | (46,013,857) | 102,776,996 |
| Net Realized and Net Change in Unrealized Gain (Loss) on Investments in Bitcoin | (49,081,965) | 136,735,002 |
| Net Income (Loss) | $(49,081,965) | $136,735,002 |
Statement of Changes in Shareholders’ Equity
For the Three Months Ended June 30, 2024
| Shares · Total Shareholders'Equity | |||
|---|---|---|---|
| Balance at March 31, 2024 | 5,905,000 | $418,315,928 | |
| Purchases of Shares | 1,630,000 | 104,538,465 | |
| Redemption of Shares | (590,000) | (38,528,375) | |
| Net Increase (Decrease) due to Share Transactions | 1,040,000 | 66,010,090 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | — | ||
| Net Realized Gain (Loss) on Investments in Bitcoin | (3,068,108) | ||
| Net Change in Unrealized Gain (Loss) on Investments in Bitcoin | (46,013,857) | ||
| Net Income (Loss) | (49,081,965) | ||
| Net Change in Shareholders' Equity | 1,040,000 | 16,928,125 | |
| Balance at June 30, 2024 | 6,945,000 | $435,244,053 | |
Statement of Changes in Shareholders’ Equity
For the Six Months Ended June 30, 2024
| Shares · Total Shareholders'Equity | |||
|---|---|---|---|
| Balance at December 31, 2023 | 4,000 | $100,000 | |
| Purchases of Shares | 11,705,000 | 564,002,145 | |
| Redemption of Shares | (4,764,000) | (265,593,094) | |
| Net Increase (Decrease) due to Share Transactions | 6,941,000 | 298,409,051 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | — | ||
| Net Realized Gain (Loss) on Investments in Bitcoin | 33,958,006 | ||
| Net Change in Unrealized Gain (Loss) on Investments in Bitcoin | 102,776,996 | ||
| Net Income (Loss) | 136,735,002 | ||
| Net Change in Shareholders' Equity | 6,941,000 | 435,144,053 | |
| Balance at June 30, 2024 | 6,945,000 | $435,244,053 | |
Statement of Cash Flows
For the Six Months Ended June 30, 2024
| Six Months Ended | |
|---|---|
| Cash flows from operating activities: | |
| Net Income (Loss) | $136,735,002 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |
| Cost of bitcoin purchased | (509,716,398) |
| Proceeds from bitcoin sold | 211,207,347 |
| Net Realized Gain (Loss) on Investments in Bitcoin | (33,958,006) |
| Net Change in Unrealized Gain (Loss) on Investments in Bitcoin | (102,776,996) |
| Net cash provided by (used in) operating activities | (298,509,051) |
| Cash flows from financing activities: | |
| Proceeds from purchases of Shares | 564,002,145 |
| Redemption of Shares | (265,593,094) |
| Net cash provided by (used in) financing activities | 298,409,051 |
| Net change in cash | (100,000) |
| Cash at beginning of period | 100,000 |
| Cash at end of period | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.