Key Takeaways
- • IBIT held 809,779.86 bitcoin as of 23 October 2026, valued at roughly $66.09 billion in market value, according to Kalkine's product overview.
- • Net assets stood at $65.88 billion across 1,432,880,000 shares outstanding, with a NAV of $45.98 per share and a closing price of $45.96 on the same date.
- • The sponsor fee is 0.25%, and the benchmark is the CME CF Bitcoin Reference Rate – New York Variant, which was USD 81,229.70 on 23 October 2026.
- • Daily volume of 23,406,593 shares ran below the 30-day average of 36,784,169, while the 30-day median bid/ask spread was 0.02%.
- • The trust pays no distributions, and its bitcoin-per-share ratio declines over time as bitcoin is sold to cover the sponsor fee and trust expenses.
Summary
The iShares Bitcoin Trust ETF (IBIT) gives investors exposure to bitcoin's price through an exchange-traded product, removing the need to hold and custody the asset directly. As of 23 October 2026, the trust held 809,779.86 bitcoin, with a market value of $66,094,604,883.06 and a negligible cash balance of $3,126.80. Net assets were $65.88 billion, and the NAV of $45.98 per share compared with a closing price of $45.96, a discount of 0.03%. The NAV moved by -$0.05 (-0.10%) that day.
NAV is calculated using the CME CF Bitcoin Reference Rate – New York Variant. The basket amount used by authorised participants for creations and redemptions was $1,839,037.48, equivalent to 22.64 bitcoin. Shares trade on the secondary market but can only be created or redeemed in baskets by authorised participants.
The sponsor is iShares Delaware Trust Sponsor LLC, an affiliate of BlackRock, Inc. The sponsor fee is 0.25%, and the trust may incur extraordinary non-recurring expenses that the sponsor does not assume. IBIT makes no distributions, and the amount of bitcoin represented by each share decreases over time as bitcoin is sold to pay fees and expenses. The fund has traded on Nasdaq since 5 January 2024.
Per the prospectus, the trust is not registered under the Investment Company Act of 1940 and is not a commodity pool for purposes of the Commodity Exchange Act. The prospectus describes digital assets as subject to extreme price volatility and to risks including theft or loss of private keys, hacking, large sales by major holders, changes in network governance, and disruptions to the internet or the bitcoin network. It states that the product may be suitable only for persons who can bear the risk of total loss.
NAV is calculated using the CME CF Bitcoin Reference Rate – New York Variant. The basket amount used by authorised participants for creations and redemptions was $1,839,037.48, equivalent to 22.64 bitcoin. Shares trade on the secondary market but can only be created or redeemed in baskets by authorised participants.
The sponsor is iShares Delaware Trust Sponsor LLC, an affiliate of BlackRock, Inc. The sponsor fee is 0.25%, and the trust may incur extraordinary non-recurring expenses that the sponsor does not assume. IBIT makes no distributions, and the amount of bitcoin represented by each share decreases over time as bitcoin is sold to pay fees and expenses. The fund has traded on Nasdaq since 5 January 2024.
Per the prospectus, the trust is not registered under the Investment Company Act of 1940 and is not a commodity pool for purposes of the Commodity Exchange Act. The prospectus describes digital assets as subject to extreme price volatility and to risks including theft or loss of private keys, hacking, large sales by major holders, changes in network governance, and disruptions to the internet or the bitcoin network. It states that the product may be suitable only for persons who can bear the risk of total loss.
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