Commodity

IBIT

iShares Bitcoin Trust ETF

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  • NAV as of Nov 12, 2024 $50.93
  • 1 Day NAV Change as of Nov 12, 2024 1.43 (2.88%)
  • Fees as stated in the prospectus Sponsor Fee: 0.25%

Overview

Why IBIT?

1. Access: IBIT enables investors to access bitcoin through the convenience of an exchange-traded product, helping remove the operational, tax, and custody complexities of holding bitcoin directly.


2. Liquidity: IBIT has been the most traded bitcoin exchange-traded product since launch, providing investors with potentially lower transaction costs.1


3. Integrated technology: IBIT is managed by the world’s largest asset manager, and leverages a multi-year technology integration developed with Coinbase Prime, the world’s largest institutional digital asset custodian.2


1. Based on 20-day average trading volumes and 20-day average bid-ask spreads across all ten U.S. spot bitcoin ETPs, since the commencement of trading on January 11, 2024 through July 24, 2024. Liquidity, characterized by strong trading volume and narrow bid-ask spreads, may potentially lower costs for investors by helping to improve price discovery, reduce transaction costs, and increase market stability. Source: Bloomberg, as of July 24, 2024.


2. BlackRock is the world’s largest asset manager by AUM, managing $10.5T as of March 31, 2024. Coinbase Prime is a full-service prime broker of Coinbase, Inc. which is an affiliate of the iShares Bitcoin Trust ETF custodian with $171B in institutional assets under custody as of March 31, 2024.

INVESTMENT OBJECTIVE

The iShares Bitcoin Trust ETF seeks to reflect generally the performance of the price of bitcoin.

The iShares Bitcoin Trust ETF is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940.  The Trust is not a commodity pool for purposes of the Commodity Exchange Act. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus.
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Performance

Performance

Growth of Hypothetical $10,000

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The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distributions

This fund does not have any distributions.
Record Date Ex-Date Payable Date Total Distribution

Premium/Discount

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  1y 3y 5y 10y Incept.
Total Return (%) - - - - -
Market Price (%) - - - - -
Benchmark (%) - - - - -
After Tax Pre-Liq. (%) - - - - -
After Tax Post-Liq. (%) - - - - -
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
Total Return (%) - 7.57 5.04 -10.49 - - - - 44.59
Market Price (%) - 8.27 5.83 -10.72 - - - - 44.81
Benchmark (%) 50.88 7.60 5.11 -10.39 - - - - 44.80
After Tax Pre-Liq. (%) - 7.57 5.04 -10.49 - - - - 44.59
After Tax Post-Liq. (%) - 4.48 2.99 -6.21 - - - - 26.40
Performance data is not currently available
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets of Fund
as of Nov 12, 2024
$41,069,179,503
Exchange
NASDAQ
Benchmark Index
CME CF Bitcoin Reference Rate – New York Variant
Indicative Basket Bitcoin Amount
as of Nov 12, 2024
22.75
Basket Bitcoin Amount
as of Nov 12, 2024
22.75
Distribution Frequency
None
CUSIP
46438F101
30 Day Avg. Volume
as of Nov 11, 2024
45,651,819.00
Daily Volume
as of Nov 12, 2024
77,294,935.00
Fund Launch Date
Jan 05, 2024
Asset Class
Commodity
Bloomberg Index Ticker
BRRNY
Shares Outstanding
as of Nov 12, 2024
806,320,000
Basket Amount
as of Nov 12, 2024
$2,037,363.80
Premium/Discount
as of Nov 11, 2024
0.13%
Closing Price
as of Nov 12, 2024
51.05
30 Day Median Bid/Ask Spread
as of Nov 11, 2024
0.03%

Portfolio Characteristics

Portfolio Characteristics

Benchmark Level
as of Nov 12, 2024
USD 89,547.57
Standard Deviation (3y)
as of -
-
Equity Beta (3y)
as of -
-
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Holdings

Holdings

Ticker Name Asset Class Market Value Weight (%) Notional Value Units
Detailed Holdings and Analytics
Holdings are subject to change.

The value shown for “units” represents total number of bitcoins held by the iShares Bitcoin Trust ETF.



The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Literature

Literature

 

READY TO INVEST?

READY TO INVEST?

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

Any links to third-party websites are provided for use at your own discretion. Each third party is solely responsible for the content presented and availability of its website. BlackRock does not control, monitor or maintain third-party websites, their content or the products/services they offer. Content may change without notice. When you leave BlackRock’s website and enter a third-party website, you will be subject to that site’s terms, policies and/or notices, including those related to privacy and security, as applicable. Please review those policies and notices on the third-party website.

Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

©2024 BlackRock, Inc or its affiliates. All Rights Reserved. BLACKROCK, iSHARES, iBONDS, LIFEPATH, ALADDIN and the iShares Core Graphic are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.

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