On this page of Benford's Law Stocks.com we present our study of WISDOMTREE BITCOIN FUND — ticker symbol BTCW. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/29/2024 to 11/12/2025 for WISDOMTREE BITCOIN FUND under CIK number 0001850391. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for BTCW, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for WISDOMTREE BITCOIN FUND based on the past BTCW filings our system processed in the past.
39.6
17.8
15.3
8.9
5.0
2.0
5.4
0.5
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 202
Recent share count: NA

= Typical range across full coverage universe
Benford's Law Stocks Indicator
202
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 2 numbers to move any given column by a full percentage point.
75

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 1's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 1's percentage was above the company's typical historical range.
 • We deducted points upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the company's typical historical range.
 • We deducted points upon observing the 6's percentage was below the typical coverage universe range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • We deducted points upon observing the 8's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 8's percentage was below the company's typical historical range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted point (includes the impact of penalty multiplier) upon observing the 9's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
BTCW
Normal-to-low score compared to other filers, falling within the bottom of the middle 50%.
CSBB
MREO
MIRA
WTMAU
CBDY
UNCY
STSS
YOSH
Check our work! We provide our WISDOMTREE BITCOIN FUND Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the BTCW filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 80 numbers that start with the digit 1. Here they are:
1,505,000
102,920,639
182,033,442
182,033,442
181,996,514
136,016,735
128,475,984
181,996,514
1,505,000
120.93
100.0
1,594
182,033,442
102,920,639
182,033,442
100.0
181,996,514
182,033,442
182,033,442
182,033,442
182,033,442
100.0
100.0
113,409
169,604
113,409
169,604
113,409
113,409
164,386
1,170,266
10,775,996
10,112,831
17,358,502
10,822,946
10,113,179
18,529,116
10,709,537
10,019,323
18,435,260
113,409
164,386
1,170,266
10,775,996
10,112,831
17,358,502
10,709,537
10,019,323
18,435,260
144,115,558
13,573,826
144,115,558
186,061,469
16,123,907
154,134,881
178,520,718
165,872,607
181,996,514
181,996,514
1,460,000
1,215,000
1,000
1,505,000
1,505,000
18,435,260
1,170,614
17,358,502
186,061,469
13,573,826
186,061,469
169,604
113.61
17.67
17.60
120.93
120.93
181,997
181,997
14
14
We found 36 numbers that start with the digit 2. Here they are:
233,035,069
232,041,248
233,035,069
230,999,941
220,388,115
217,426,115
235,861,375
235,911,375
235,911,375
2,275,000
2,455,000
210,000
227,203,379
220,388,588
217,476,115
230,999,941
220,388,115
217,426,115
25
20
22.09
29
21.89
22.10
235,911
235,911
25
24
25
25
25
25
25
25
24
25
We found 31 numbers that start with the digit 3. Here they are:
360,596,442
360,596,442
36,928
36,928
360,517,232
360,517,232
3,640,000
36,928
3,862
360,596,442
360,596,442
360,517,232
360,596,442
360,596,442
360,596,442
360,596,442
348
348
348
348
34,326,646
360,517,232
3,640,000
320,000
3,699,000
3,490,000
3,490,000
34,327,170
34,326,646
33
35.20
4's 5's 6's
We found 18 numbers that start with the digit 4. Here they are:
45,979,779
413,684
413,684
413,684
413,684
46,950
48,448,570
413,684
46,950
48,448,570
45,000
456,017
48,588
48,448,570
42,282
45,268
413,684
43
We found 10 numbers that start with the digit 5. Here they are:
5,700
56,238,619
56,238,619
5,414,370
5,414,370
50,000
56,403,005
50,000
50,000
50.00
We found 4 numbers that start with the digit 6. Here they are:
67.31
67.60
67.60
6.44
7's 8's 9's
We found 11 numbers that start with the digit 7. Here they are:
79,210
79,210
79,210
75,748
7,954,435
7,540,751
7,540,751
7,540,751
75,748
7.40
7.32
We found 1 numbers that start with the digit 8. Here they are:
81,776,494
We found 11 numbers that start with the digit 9. Here they are:
99.04
99,556
99,556
93,856
93,856
93,856
93,856
93,856
93,856
9,727,264
99.04
While the above BTCW 10Q Filed 11/12/2025 is interesting in isolation, we have found that it is also useful to take a look at older WISDOMTREE BITCOIN FUND filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/12/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical BTCW 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

39.6
17.8
15.3
8.9
5.0
2.0
5.4
0.5
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL?   [ original filing ]
Total numbers found: 202

= Typical BTCW range from 3/29/2024 to 11/12/2025
32.8
17.9
20.1
3.7
13.4
0.0
6.0
0.0
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 22
XBRL?   [ original filing ]
Total numbers found: 134

= Typical BTCW range from 3/29/2024 to 11/12/2025
30.7
10.7
5.3
2.7
14.7
12.0
5.3
18.7
0.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 0
XBRL?   [ original filing ]
Total numbers found: 75

= Typical BTCW range from 3/29/2024 to 11/12/2025
33.9
15.1
18.8
2.6
6.2
1.6
9.4
7.3
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 47
XBRL?   [ original filing ]
Total numbers found: 192

= Typical BTCW range from 3/29/2024 to 11/12/2025
31.2
29.5
8.9
4.5
11.6
3.6
1.8
0.9
8.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 40
XBRL?   [ original filing ]
Total numbers found: 112

= Typical BTCW range from 3/29/2024 to 11/12/2025
15.1
13.7
10.5
10.5
10.2
9.7
9.9
9.7
10.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 4
XBRL?   [ original filing ]
Total numbers found: 29,116

= Typical BTCW range from 3/29/2024 to 11/12/2025
34.1
20.3
16.7
5.8
4.3
5.1
4.3
5.8
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 138

= Typical BTCW range from 3/29/2024 to 11/12/2025
31.0
5.0
1.0
5.0
11.0
4.0
17.0
25.0
1.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 0
XBRL?   [ original filing ]
Total numbers found: 100

= Typical BTCW range from 3/29/2024 to 11/12/2025
 

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