Quarterly ResultMay 12, 2026, 03:21 PM
CoinShares Bitcoin ETF NAV Drops 22.2% to $19.24
AI Summary
The CoinShares Bitcoin ETF reported a significant decline in its net asset value (NAV) and NAV per share for the three months ended March 31, 2026. Net assets decreased to $429.7 million from $505.4 million at December 31, 2025, primarily due to a 22.2% depreciation in the value of bitcoin. The NAV per share also fell by 22.2% to $19.24, and the Trust recorded a net loss of $120.7 million for the quarter.
Key Highlights
- Net assets decreased to $429.7 million from $505.4 million at December 31, 2025.
- NAV per share dropped 22.2% to $19.24 from $24.74 at December 31, 2025.
- Bitcoin value depreciated 22.2% from $87,650 to $68,198 during the quarter.
- Net loss for Q1 2026 was $120.7 million, compared to a $76.6 million loss in Q1 2025.
- Shares outstanding increased to 22,335,000 from 20,425,000 at December 31, 2025.
- Sponsor fees incurred were $288,981 in Q1 2026, down from $460,553 in Q1 2025.