Tue, May 14, 9:27 PM (182 days ago)
The WisdomTree Bitcoin Fund's quarterly report for the period ending March 31, 2024, reveals significant financial activity since its inception on January 11, 2024. The fund's primary asset is Bitcoin, with an investment at cost of $63.5 million, which appreciated to a fair value of $81 million by quarter-end. The net assets of the fund increased from $50,000 to $80.98 million, driven by a net realized and unrealized gain on Bitcoin investments totaling $18.46 million. The fund issued 1,189,000 shares and redeemed 110,000 shares, resulting in net proceeds of $62.47 million from capital share transactions. The net asset value per share rose to $74.99 from $50.00, reflecting a total return of 49.98%. The report highlights the fund's liquidity, with no significant trends or uncertainties affecting future operations. The fund's expenses are primarily covered by a sponsor fee of 0.25% per annum, which has been waived for the first $1 billion of assets for six months. The fund maintains effective disclosure controls and has not faced any legal proceedings or defaults.