Invesco Galaxy Bitcoin ETF
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 7, 2024
BTCO$74.34-1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. FINANCIAL STATEMENTS
Statements of Financial Condition
September 30, 2024 and December 31, 2023
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments in Bitcoin, at value (cost $405,676,080 as of September 30, 2024) | $516,728,346 | $— |
| Cash held by custodian | — | 100,000 |
| Total Assets | $516,728,346 | $100,000 |
| Liabilities | ||
| Payable for: | ||
| Accrued Sponsor's fees | $96,653 | |
| Total Liabilities | $96,653 | $— |
| Commitments and Contingencies (Note 9) | ||
| Net Assets | $516,631,693 | $100,000 |
| Net assets consist of: | ||
| Paid-in-capital | $375,736,568 | $100,000 |
| Distributable earnings (loss) | 140,895,125 | — |
| $516,631,693 | $100,000 | |
| Shares outstanding | 8,145,000 | 4,000 |
| Net asset value per share | $63.43 | $25.00 |
| Market value per share | $63.44 | $25.00 |
Schedule of Investments
September 30, 2024
| Description · Quantity · Cost · Fair Value · % of Net Assets | ||||||
|---|---|---|---|---|---|---|
| Cryptocurrency | ||||||
| Bitcoin | 8,142 | $405,676,080 | $516,728,346 | 100.02% | ||
| Total Investments | 8,142 | $405,676,080 | $516,728,346 | 100.02% | ||
| Other Assets Less Liabilities | $(96,653) | (0.02) | ||||
| Net assets | $516,631,693 | 100.00% | ||||
Statement of Income and Expenses
For the Three and Nine Months Ended September 30, 2024
| Three Months Ended | Nine Months Ended | |
|---|---|---|
| September 30, 2024 | September 30, 2024 | |
| Income | ||
| Total Income | $— | $— |
| Expenses | ||
| Sponsor Fees | 296,332 | 749,050 |
| Total Expenses | 296,332 | 749,050 |
| Less: Waivers | (28,021) | (480,739) |
| Net Expenses | 268,311 | 268,311 |
| Net Investment Income (Loss) | (268,311) | (268,311) |
| Net Realized and Net Change in Unrealized Gain (Loss) | ||
| Net Realized Gain (Loss) from | ||
| Investments in Bitcoin Sold to Pay Sponsor Fee | (24,850) | (24,850) |
| Investments in Bitcoin Sold for Redemptions | (3,921,986) | 30,036,020 |
| Net Realized Gain (Loss) | (3,946,836) | 30,011,170 |
| Net Change in Unrealized Gain (Loss) from Investments in Bitcoin | 8,275,270 | 111,052,266 |
| Net Realized and Net Change in Unrealized Gain (Loss) from Investments in Bitcoin | 4,328,434 | 141,063,436 |
| Net Income (Loss) | $4,060,123 | $140,795,125 |
Statement of Changes in Shareholders’ Equity
For the Three Months Ended September 30, 2024
| Shares · Total Shareholders'Equity | |||
|---|---|---|---|
| Balance at June 30, 2024 | 6,945,000 | $435,244,053 | |
| Purchases of Shares | 1,580,000 | 99,636,056 | |
| Redemption of Shares | (380,000) | (22,308,539) | |
| Net Increase (Decrease) due to Share Transactions | 1,200,000 | 77,327,517 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | (268,311) | ||
| Net Realized Gain (Loss) from Investments in Bitcoin Sold for Sponsor Fee and Redemptions | (3,946,836) | ||
| Net Change in Unrealized Gain (Loss) from Investments in Bitcoin | 8,275,270 | ||
| Net Income (Loss) | 4,060,123 | ||
| Net Change in Shareholders' Equity | 1,200,000 | 81,387,640 | |
| Balance at September 30, 2024 | 8,145,000 | $516,631,693 | |
Statement of Changes in Shareholders’ Equity
For the Nine Months Ended September 30, 2024
| Shares · Total Shareholders'Equity | |||
|---|---|---|---|
| Balance at December 31, 2023 | 4,000 | $100,000 | |
| Purchases of Shares | 13,285,000 | 663,638,201 | |
| Redemption of Shares | (5,144,000) | (287,901,633) | |
| Net Increase (Decrease) due to Share Transactions | 8,141,000 | 375,736,568 | |
| Net Income (Loss) | |||
| Net Investment Income (Loss) | (268,311) | ||
| Net Realized Gain (Loss) from Investments in Bitcoin Sold for Sponsor Fee and Redemptions | 30,011,170 | ||
| Net Change in Unrealized Gain (Loss) from Investments in Bitcoin | 111,052,266 | ||
| Net Income (Loss) | 140,795,125 | ||
| Net Change in Shareholders' Equity | 8,141,000 | 516,531,693 | |
| Balance at September 30, 2024 | 8,145,000 | $516,631,693 | |
Statement of Cash Flows
For the Nine Months Ended September 30, 2024
| Nine Months Ended | |
|---|---|
| Cash flows from operating activities: | |
| Net Income (Loss) | $140,795,125 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |
| Cost of bitcoin purchased | (609,352,034) |
| Proceeds from bitcoin sold to pay Sponsor Fee | 171,659 |
| Proceeds from bitcoin sold for redemptions | 233,515,465 |
| Net Realized (Gain) Loss from Investments in Bitcoin Sold to pay Sponsor Fee | 24,850 |
| Net Realized (Gain) Loss from Investments in Bitcoin Sold for Redemptions | (30,036,020) |
| Net Change in Unrealized (Gain) Loss from Investments in Bitcoin | (111,052,266) |
| Change in operating assets and liabilities: | |
| Accrued Sponsor's fees | 96,653 |
| Net cash provided by (used in) operating activities | (375,836,568) |
| Cash flows from financing activities: | |
| Proceeds from purchases of Shares | 663,638,201 |
| Redemption of Shares | (287,901,633) |
| Net cash provided by (used in) financing activities | 375,736,568 |
| 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.