Grayscale Bitcoin Trust ETF
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
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, 2025 · Filed Aug 1, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows for the Six Months Ended
STATEMENTS OF CASH FLOWS (UNAUDITED)
(Amounts in thousands)
| Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2025 · 2024 | ||||
| Cash provided by operating activities | ||||
| Net increase in net assets resulting from operations | $2,520,688 | $9,231,218 | ||
| Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities: | ||||
| Purchases of Bitcoin(1) | $(359,475) | $(321,084) | ||
| Proceeds from Bitcoin sold to pay redemptions(1) | 2,121,087 | 18,808,734 | ||
| Proceeds from Bitcoin sold to pay expenses | 138,276 | 166,883 | ||
| Net realized gain | (1,889,302) | (15,129,336) | ||
| Net change in unrealized appreciation on investment in Bitcoin | (769,662) | 5,731,235 | ||
| Change in operating assets and liabilities: | ||||
| Sponsor’s Fee payable | - | - | ||
| Net cash provided by operating activities | $1,761,612 | $18,487,650 | ||
| Cash used in financing activities: | ||||
| Proceeds from issuance of capital shares(1) | $359,475 | $321,084 | ||
| Payments for capital shares redeemed(1) | (2,121,087) | (18,808,734) | ||
| Net cash used in financing activities | $(1,761,612) | $(18,487,650) | ||
| Cash: | ||||
| Net increase (decrease) in cash | $ | - | $ | - |
| Cash, beginning of period | - | - | ||
| Cash, end of period | $ | - | $ | - |
| Supplemental disclosure of noncash operating activities | ||||
| Transfer of Bitcoin to pay for Sponsor’s Fee | $138,276 | $166,883 | ||
(1)
The proceeds collected by an Authorized Participant from the sale of Shares and the payments for Shares redeemed by an Authorized Participant do not correlate with the amounts in the Statement of Operations and the Statement of Changes in Net Assets for the period due to creations and redemptions occurring at the Index Price as defined in the Trust Agreement.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.