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IBIT on Nasdaq

iShares Bitcoin Trust ETF

IShares Bitcoin Trust ETF is an American commodity contracts brokers and dealers company based in San Fransico.2 Its shares trade on Nasdaq under the symbol IBIT.2

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Last updated Oct 21, 2026.

Overview

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  • TickerIBIT on Nasdaq2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersSan Fransico, United States2
  • Incorporated inDE3
  • Business addressC/O Ishares Delaware Trust Sponsor, Llc, 400 Howard Street, San Francisco, Ca 941053
  • Filer categoryLarge accelerated filer3
  • Legal formStatutory Trust2
  • Kind of organizationFund2
  • LEI529900HVFN08L8P4H8512
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o WILMINGTON TRUST, NATIONAL ASSOCIATION, RODNEY SQUARE NORTH 1100 NORTH MARKET STREET, 19890 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 75036342

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The iShares Bitcoin Trust ETF (the “Trust”) was formed as a Delaware statutory trust on June 8, 2023. The Trust is governed by the provisions of the Third Amended and Restated Trust Agreement (the “Trust Agreement”) executed by iShares Delaware Trust Sponsor LLC, as sponsor (the “Sponsor”), BlackRock Fund Advisors, as trustee (the “Trustee”), and Wilmington Trust, National Association, as Delaware trustee (the “Delaware Trustee”), dated as of June 27, 2025.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income5-$174.6M in 2025+268% since 2024
-$200.0M-$150.0M-$100.0M-$50.0M02024: -$47.5M-$47.5M20242025: -$174.6M-$174.6M2025+268%
Net income5-$9.0B in 2025
-$10.0B0$10.0B$20.0B2024: $14.2B$14.2B20242025: -$9.0B-$9.0B2025

Every line of the income statement as filed: the last 2 fiscal years (annual) or 1 quarters (quarterly), latest first.5

Period ending2025-12-312024-12-31
Sponsors fees$174.7M$53.5M
Sponsors fees waived-$178.1K-$6.0M
Total expenses$174.6M$47.5M
Net investment loss-$174.6M-$47.5M
Bitcoin sold to pay expenses$42.0M$18.8M
Bitcoin sold for the redemption of Shares$2.6B$103.8M
Net realized gain$2.6B$122.6M
Net change in unrealized appreciation/depreciation-$11.4B$14.2B
Net realized and unrealized gain (loss)-$8.8B$14.3B
Net increase (decrease) in net assets resulting from operations-$9.0B$14.2B
Net increase (decrease) in net assets per Share (in dollars per share)-$7.46$26.93
Bitcoin paid for the in-kind redemption of Shares$490.8M
Realized gain$3.2B$132.3M
Realized loss-$508.9M-$9.7M

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Former names

  • iShares Bitcoin TrustJun 15, 2023 to Jul 26, 20243

Timeline

  1. Mar 31, 20268-K Executive or director change9
  2. Apr 8, 20258-K Entered a material agreement10
  3. Sep 19, 20248-K Entered a material agreement11
  4. Jul 26, 20248-K Entered a material agreement12
  5. Apr 26, 20248-K Executive or director change13
  6. Jun 8, 2023Founded iShares Bitcoin Trust ETF is founded2

Filings

74 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 5 major events, 58 other. The latest 20:

  1. Aug 6, 202610-Q EDGAR
  2. May 7, 2026IRANNOTICE EDGAR
  3. May 7, 202610-Q EDGAR
  4. Mar 31, 2026424I EDGAR
  5. Mar 31, 20268-K EDGAR
  6. Mar 26, 2026FWP EDGAR
  7. Feb 27, 202610-K EDGAR
  8. Feb 27, 2026IRANNOTICE EDGAR
  9. Jan 29, 2026FWP EDGAR
  10. Jan 29, 2026FWP EDGAR
  11. Jan 29, 2026FWP EDGAR
  12. Jan 29, 2026FWP EDGAR
  13. Dec 15, 2025FWP EDGAR
  14. Nov 21, 2025424B3 EDGAR
  15. Nov 13, 2025FWP EDGAR
  16. Nov 6, 2025FWP EDGAR
  17. Nov 6, 202510-Q EDGAR
  18. Aug 5, 202510-Q EDGAR
  19. Jul 31, 2025EFFECT EDGAR
  20. Jul 31, 2025424B3 EDGAR

The 74 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Jane Street Group, LLC24,878,191$828.2M0.5%+19,005,979
Wells Fargo & Company/mn24,396,222$812.2M0.1%+17,892,062
Goldman Sachs Group Inc17,232,201$573.7M0.1%−752,850
Morgan Stanley16,480,435$548.6M0.0%−783,343
BlackRock, Inc.15,034,046$500.5M0.0%+1,024,742
Mubadala Investment Co PJSC14,721,917$490.1M1.4%No change
Avenir Tech Ltd13,289,697$442.4M72.3%−4,986,403
Jpmorgan Chase & Co10,407,635$355.7M0.0%+2,104,944
Galaxy Digital Inc.9,706,526$323.1M51.2%+2,242,450
Millennium Management LLC9,686,854$322.5M0.2%−9,600,464
Abu Dhabi Investment Council Co P.J.S.C8,218,712$273.6M38.3%No change
Brevan Howard Capital Management LP7,205,004$239.9M3.5%−17,099,784
Walleye Capital LLC6,428,551$214.0M1.1%+2,110,996
NEOS Investment Management LLC5,424,563$180.6M0.7%+1,933,888
Marex Group Ltd5,145,734$171.3M1.3%−247,938
Laurore Ltd4,846,279$161.3M100.0%−2,000,000
Bank Of Montreal /can/4,608,356$153.4M0.1%New
Hrtg Gpe, LLC3,250,731$108.2M4.4%No change
LPL Financial LLC3,239,236$107.8M0.0%+11,841
Mariner Investment Group LLC3,129,352$104.2M38.4%No change
Harvard Management Co Inc3,044,612$101.4M2.4%No change
Schonfeld Strategic Advisors LLC2,972,084$98.9M0.5%+618,506
DRW Securities, LLC2,833,903$94.3M5.6%New
Barclays PLC2,658,147$88.5M0.0%−1,843,073
Cantor Fitzgerald, L. P.2,468,468$82.2M0.8%+1,810,709

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

11 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 4, 2026Sheri BiggsRepublican, HouseBuy$100,001 - $250,000−0.2%Report
Nov 21, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−20.0%Report
Oct 29, 2025Brandon GillRepublican, HouseBuy$15,001 - $50,000−38.0%Report
Oct 24, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−39.8%Report
Oct 15, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−42.3%Report
Oct 9, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−47.2%Report
Sep 11, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−45.7%Report
Jul 17, 2025Brandon GillRepublican, HouseBuy$50,001 - $100,000Report
Jul 9, 2025Sheri BiggsRepublican, HouseBuy$100,001 - $250,000Report
Mar 3, 2025Marjorie Taylor GreeneRepublican, HouseBuy$15,001 - $50,000−36.9%Report
Jan 8, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−43.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How iShares Bitcoin Trust ETF is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARiShares Bitcoin Trust ETF1
  • CIK0001980994
  • Employer ID (EIN)93-64611294
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressC/O Ishares Delaware Trust Sponsor, Llc, 400 Howard Street, San Francisco, CA 941051
  • Phone415-670-64161
  • Shares outstanding1,301,360,000 as of Jul 31, 20268
  • Public float$74.2B as of Jun 30, 20254
  • AuditorPricewaterhouseCoopers LLP, Philadelphia, Pennsylvania PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJun 15, 20231
  • Filings74 in all: FWP (12), CORRESP (11), 10-Q (8), S-1/A (8), 424B3 (7), UPLOAD (6), 8-K (5), POS AM (4)1
    All 15 form types

    10-K (3), EFFECT (3), 424I (2), IRANNOTICE (2), 8-A12B (1), CERT (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Latest 8-K (8-K) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
SharesIBITThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks iShares Bitcoin Trust ETF names in Item 1A of its 10-K filed Feb 27, 2026: 80 risks under these headings, as written.4

  • The trading prices of many digital assets, including bitcoin, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of bitcoin, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
  • The value of the Shares is subject to a number of factors relating to the fundamental investment characteristics of bitcoin as a digital asset, including the fact that digital assets are bearer instruments and loss, theft, or compromise of the associated private keys could result in permanent loss of the asset, and the capabilities and development of blockchain technologies such as the Bitcoin blockchain.
  • Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the acceptance of bitcoin.
  • Changes in the governance of a digital asset network may not receive sufficient support from users and miners, which may negatively affect that digital asset network’s ability to grow and respond to challenges.
  • Potential amendments to the Bitcoin network’s protocols and software could, if accepted and authorized by the Bitcoin network community, adversely affect an investment in the Trust.
  • The open-source structure of the Bitcoin network protocol means that the core developers and other contributors are generally not directly compensated for their contributions in maintaining and developing the Bitcoin network protocol. A failure to properly monitor and upgrade the Bitcoin network protocol could damage the Bitcoin network and an investment in the Trust.
  • Digital asset networks face significant scaling challenges and efforts to increase the volume and speed of transactions may not be successful.
  • Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets.
  • If the digital asset award for mining blocks and transaction fees for recording transactions on the Bitcoin network are not sufficiently high to incentivize miners, or if certain jurisdictions continue to limit mining activities, miners may cease expanding processing power or demand high transaction fees, which could negatively impact the value of bitcoin and the value of the Shares.
  • If a malicious actor or botnet obtains control of more than 50% of the processing power on the Bitcoin network, or otherwise obtains control over the Bitcoin network through its influence over core developers or otherwise, such actor or botnet could manipulate the Bitcoin blockchain to adversely affect the value of the Shares or the ability of the Trust to operate.
  • A temporary or permanent “fork” could adversely affect the value of the Shares. In addition, Shareholders will not receive the benefits of any Incidental Rights and any IR Digital Asset, including any forked or airdropped assets.
  • In the event of a hard fork of the Bitcoin network, the Sponsor will, if permitted by the terms of the Trust Agreement, use its discretion to determine which network should be considered the appropriate network for the Trust’s purposes, and in doing so may adversely affect the value of the Shares.
The other 68 risks
  • A hard fork could change the source code to the Bitcoin network, including the 21 million bitcoin supply cap.
  • Any name change and any associated rebranding initiative by the core developers, users or miners of bitcoin or the Bitcoin network may not be favorably received by the digital asset community, which could negatively impact the value of bitcoin and the value of the Shares.
  • Disruptions or other problems in the supply chain for bitcoin mining hardware and difficulties in obtaining new hardware could cause harm to the Bitcoin network.
  • The value of the Shares relates directly to the value of bitcoin, the value of which may be highly volatile and subject to fluctuations due to a number of factors.
  • Because the Trust holds only bitcoin and cash, an investment in the Trust may be more volatile than an investment in a more broadly diversified portfolio.
  • Due to the unregulated nature and lack of transparency surrounding the operations of digital asset platforms, which may experience fraud, manipulation, security failures or operational problems, as well as the wider bitcoin market, the value of bitcoin and, consequently, the value of the Shares may be adversely affected, causing losses to Shareholders.
  • The Index has a limited performance history, the Index price could fail to track the global bitcoin price, and a failure of the Index price could adversely affect the value of the Shares.
  • The Index price used to calculate the value of the Trust’s bitcoin may be volatile, adversely affecting the value of the Shares.
  • The Index Administrator could experience system failures or errors.
  • The Index price being used to determine the net asset value of the Trust may not be consistent with GAAP. To the extent that the Trust’s financial statements are determined using a different pricing source that is consistent with GAAP, the net asset value reported in the Trust’s periodic financial statements may differ, in some cases significantly, from the Trust’s net asset value determined using the Index pricing.
  • Competition from central bank digital currencies (“CBDCs”) and emerging payments initiatives involving financial institutions could adversely affect the value of bitcoin and other digital assets.
  • Prices of bitcoin may be affected due to stablecoins (including Tether and USDC), the activities of stablecoin issuers and their regulatory treatment.
  • Competition from the emergence or growth of other digital assets or methods of investing in bitcoin could have a negative impact on the price of bitcoin and adversely affect the value of the Shares.
  • The Trust may be negatively impacted by the effects of the spread of illnesses or other public health emergencies on the global economy and the markets and service providers relevant to the performance of the Trust.
  • The Trust relies on the information and technology systems of the Custodian, the Trustee, the Sponsor, the Authorized Participants, the Bitcoin Trading Counterparties, the listing exchange, and the Trust’s other service providers and counterparties (referred to herein as the “Service Providers”), each of which could be directly or indirectly adversely affected by information systems interruptions, cybersecurity incidents or other disruptions, which in turn could have a material adverse effect on the Trust.
  • The amount of the Trust’s assets represented by each Share will decline over time as the Trust pays the Sponsor’s Fee and additional expenses born by the Trust, and as a result, the value of the Shares may decrease over time.
  • The Trust is a passive investment vehicle that does not seek to generate returns beyond tracking the price of bitcoin. The Trust is not actively managed and will be affected by a general decline in the price of bitcoin.
  • The value of the Shares may be influenced by a variety of factors unrelated to the value of bitcoin.
  • The liquidity of the Shares may also be affected by the withdrawal from participation of Authorized Participants or Bitcoin Trading Counterparties.
  • There may be situations where an Authorized Participant is unable to redeem a Basket of Shares. To the extent the value of bitcoin decreases, these delays may result in a decrease in the amount the Authorized Participant will receive when the redemption occurs, as well as a reduction in liquidity for all Shareholders in the secondary market.
  • The lack of an active trading market for the Shares may result in losses on your investment at the time of disposition of your Shares.
  • The limited ability to facilitate in-kind creations and redemptions of Shares could have adverse consequences for the Trust.
  • If the process of creation and redemption of Baskets encounters any unanticipated difficulties, the possibility for arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of bitcoin may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
  • The use of cash creations and redemptions, as opposed to in-kind creations and redemptions, may adversely affect the arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of bitcoin and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
  • As an owner of Shares, you will not have the rights normally associated with ownership of other types of shares.
  • The Sponsor and the Trustee may agree to amend the Trust Agreement without the consent of the Shareholders.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act or the protections afforded by the CEA.
  • As the Sponsor and its management have limited history of operating investment vehicles like the Trust, their experience may be inadequate or unsuitable to manage the Trust.
  • Security threats to the Trust’s account at the Bitcoin Custodian could result in the halting of Trust operations and a loss of Trust assets or damage to the reputation of the Trust, each of which could result in a reduction in the value of the Shares.
  • Bitcoin transactions are irrevocable and stolen or incorrectly transferred bitcoin may be irretrievable. As a result, any incorrectly executed bitcoin transactions could adversely affect the value of the Shares.
  • The lack of full insurance and Shareholders’ limited rights of legal recourse against the Trust, the Delaware Trustee, the Sponsor, the Trust Administrator, the Cash Custodian, the Prime Execution Agent, the Bitcoin Custodian and if operationalized, the Additional Bitcoin Custodian, expose the Trust and its Shareholders to the risk of loss of the Trust’s bitcoin for which no person or entity is liable.
  • If the Trade Credits are not available or become exhausted, the Trust may face delays in buying or selling bitcoin that may adversely impact Shareholders; if the Trust does not repay the Trade Credits on time, its assets may be liquidated by the Trade Credit Lender and its affiliates.
  • Loss of a critical banking relationship for, or the failure of a bank used by, the Prime Execution Agent could adversely impact the Trust’s ability to create or redeem Baskets or could cause losses to the Trust.
  • The Prime Execution Agent routes orders through Connected Trading Venues in connection with trading services under the Prime Execution Agent Agreement. The loss or failure of any such Connected Trading Venues may adversely affect the Prime Execution Agent’s business and cause losses for the Trust.
  • The Trust may be required, or the Sponsor may deem it appropriate, to terminate and liquidate at a time that is disadvantageous to Shareholders.
  • The Trust Agreement includes provisions that limit Shareholders’ voting rights and restrict Shareholders’ right to bring a derivative action.
  • The non-exclusive jurisdiction for certain types of actions and proceedings and waiver of trial by jury clauses set forth in the Trust Agreement may have the effect of limiting a Shareholder’s rights to bring legal action against the Trust and could limit a purchaser’s ability to obtain a favorable judicial forum for disputes with the Trust.
  • The Sponsor is solely responsible for determining the value of the net asset value of the Trust and NAV, and any errors, discontinuance or changes in such valuation calculations may have an adverse effect on the value of the Shares.
  • Extraordinary expenses resulting from unanticipated events may become payable by the Trust, adversely affecting the value of the Shares.
  • The Trust’s delivery or sale of bitcoin to pay expenses or other operations of the Trust could result in Shareholders incurring tax liability without an associated distribution from the Trust.
  • The value of the Shares will be adversely affected if the Trust is required to indemnify the Sponsor, the Trustee, the Delaware Trustee, the Trust Administrator, the Bitcoin Custodian or the Cash Custodian under the Trust Documents.
  • Intellectual property rights claims may adversely affect the Trust and the value of the Shares.
  • The Shares may trade at a price that is at, above or below the Trust’s NAV as a result of the non-current trading hours between NASDAQ and the digital asset market.
  • Digital asset markets in the United States exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the value of bitcoin or the Shares, such as by banning, restricting or imposing onerous conditions or prohibitions on the use of bitcoin, mining activity, digital wallets, the provision of services related to trading and providing custody services for bitcoin, the operation of the Bitcoin network, or the digital asset markets generally.
  • A determination that bitcoin or any other digital asset is a “security” may adversely affect the value of bitcoin and the value of the Shares, and result in potentially extraordinary, nonrecurring expenses to, or termination of, the Trust.
  • Competing industries may have more influence with policymakers than the digital asset industry, which could lead to the adoption of laws and regulations that are harmful to the digital asset industry.
  • Regulatory changes or actions in foreign jurisdictions may affect the value of the Shares or restrict the use of one or more digital assets, mining activity or the operation of their networks or the digital asset platform market in a manner that adversely affects the value of the Shares.
  • If regulators or public utilities take actions that restrict or otherwise impact mining activities, there may be a significant decline in such activities, which could adversely affect the Bitcoin network and the value of the Shares.
  • If regulators subject the Trust, the Trustee, the Sponsor, Authorized Participants or Bitcoin Trading Counterparties to regulation as a money services business or money transmitter, this could result in extraordinary expenses to the Trust, the Trustee, the Sponsor or the Bitcoin Trading Counterparties and also result in decreased liquidity for the Shares.
  • Anonymity and illicit financing risk.
  • Regulatory changes or interpretations could obligate the Trust, the Trustee or the Sponsor to register and comply with new regulations, resulting in potentially extraordinary, nonrecurring expenses to the Trust.
  • The treatment of the Trust for U.S. federal income tax purposes is uncertain.
  • The treatment of digital assets for U.S. federal income tax purposes is uncertain.
  • Future developments regarding the treatment of digital assets for U.S. federal income tax purposes could adversely affect the value of the Shares.
  • Future developments in the treatment of digital currency for tax purposes other than U.S. federal income tax purposes could adversely affect the value of the Shares.
  • A U.S. Tax-Exempt Shareholder may recognize “unrelated business taxable income” as a consequence of an investment in Shares.
  • Shareholders could incur a tax liability without an associated distribution of the Trust.
  • A hard “fork” of the Bitcoin blockchain could result in Shareholders incurring a tax liability.
  • Potential conflicts of interest may arise among the Sponsor or its affiliates and the Trust. The Sponsor and its affiliates have no fiduciary duties to the Trust and its Shareholders other than as provided in the Trust Agreement, which may permit them to favor their own interests to the detriment of the Trust and its Shareholders.
  • Investment vehicles advised or managed by affiliates of the Sponsor hold a minority interest in Coinbase Global, the parent of Coinbase Inc., which serves as the Trust’s Prime Execution Agent and operates one of the digital asset platforms included in the Index price and is the parent of the Bitcoin Custodian.
  • Shareholders cannot be assured of the Sponsor’s continued services, the discontinuance of which may be detrimental to the Trust.
  • Although the Bitcoin Custodian is a fiduciary with respect to the Trust’s assets, it could resign or be removed by the Sponsor, which may trigger early dissolution of the Trust.
  • Coinbase serves as the bitcoin custodian and the prime execution agent for several competing exchange-traded bitcoin products, which could adversely affect the Trust’s operations and ultimately the value of the Shares.
  • The Trust’s Authorized Participants act in similar or identical capacities for several competing exchange-traded bitcoin products which may impact the ability or willingness of one or more Authorized Participants to participate in the creation and redemption process, adversely affect the Trust’s ability to create or redeem Baskets and adversely affect the Trust’s operations and ultimately the value of the Shares.
  • Shareholders may be adversely affected by the lack of independent advisers representing investors in the Trust.
  • Shareholders and Authorized Participants lack the right under the Custodian Agreement to assert claims directly against the Bitcoin Custodian, which significantly limits their options for recourse.
  • There is no guarantee that every employee, officer, director, or similar person associated with the Sponsor, Trustee, or the BlackRock Affiliates will comply with the Policies, duties and training and refrain from engaging in insider trading in violation of their duties to the Trust and Sponsor.
  • Seed Capital Investor.

Sources

The numbers on this page point here. Each one links to the record it came from.

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