As of September 30, 2024, the ARK 21Shares Bitcoin ETF reported total assets of $3,216,669 thousand, with a significant investment in bitcoin valued at $3,207,170 thousand, reflecting a cost basis of $2,910,767 thousand. The net assets of the ETF stood at $3,206,095 thousand, resulting in a net asset value (NAV) per share of $63.38, an increase from $50.00 as of December 31, 2023.

The ETF's performance has been marked by substantial growth in net assets, which increased from $2,849,575 thousand on June 30, 2024, to $3,206,095 thousand by the end of September. This growth was driven by a 36% rise in bitcoin prices, from $46,666.89 per bitcoin on January 11, 2024, to $63,464.76 by September 30, 2024. The number of shares outstanding also rose from 46,050,000 to 50,585,000 during the same period.

For the three months ended September 30, 2024, the ETF reported a net increase in net assets resulting from operations of $46,097 thousand, while for the nine months, this figure reached $481,493 thousand. The net realized gain on bitcoin sold for redemptions was $53,132 thousand for the quarter and $188,372 thousand for the nine months. However, the ETF experienced a net change in unrealized depreciation of $(5,609) thousand for the quarter, contrasting with a significant unrealized appreciation of $296,403 thousand for the nine-month period.

The ETF issued 17,635,000 shares during the third quarter, generating contributions of $1,099,446 thousand, while redeeming 13,100,000 shares. For the nine months, a total of 75,625,000 shares were issued, with 25,040,002 shares redeemed, resulting in a net increase of 50,584,998 shares.

The Trust operates under a unitary Sponsor Fee of 0.21% of its bitcoin holdings, which was waived for a nine-month period starting January 11, 2024, as the Trust's assets exceeded $1 billion before the waiver period ended. The Trust's only ordinary recurring expense is the fee paid to the Sponsor, with total expenses for the quarter amounting to $1,509 thousand and $3,692 thousand for the nine-month period.

The Trust has not been subject to any material legal proceedings as of September 30, 2024, and continues to be classified as an emerging growth company, allowing for reduced public company reporting requirements.