The WisdomTree Bitcoin Fund reported significant financial changes in its latest 10-Q filing for the quarter ending June 30, 2025. The fund's total assets decreased to $165.9 million from $360.6 million at the end of 2024, primarily due to a reduction in its investment in bitcoin, which fell from $233 million at cost to $97.6 million. The net assets of the fund also saw a substantial decline, dropping from $360.5 million to $165.9 million. The net asset value per share increased to $113.61, up from $99.04, reflecting a total return of 29.19% for the quarter.
In terms of operational performance, the fund reported a net increase in net assets resulting from operations of $37.2 million for the three months ended June 30, 2025, compared to a net loss of $10 million in the same period the previous year. This turnaround was driven by a net realized and unrealized gain on investments in bitcoin of $37.3 million, which included a realized gain of $5.5 million from bitcoin sales to meet redemptions. The price of bitcoin appreciated significantly during the quarter, rising from approximately $82,944 to $107,221.
The fund's operational metrics indicate a decrease in the number of outstanding shares, which fell from 3.64 million to 1.46 million. This reduction was attributed to a higher volume of shares redeemed, totaling 2.46 million for the six months ended June 30, 2025. The fund's expenses for the quarter were $95,918, up from $49,963 in the previous year, primarily due to increased sponsor fees as the initial waiver period expired.
Looking ahead, the WisdomTree Bitcoin Fund remains focused on its investment strategy centered on bitcoin, despite the inherent volatility and risks associated with the digital asset market. The fund's management has indicated that it will continue to monitor market conditions closely and adjust its strategies as necessary. The filing also noted that the fund does not anticipate any significant changes to its liquidity needs in the near term, as it continues to operate under the existing fee structure and investment objectives.
About WisdomTree Bitcoin Fund
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