iShares Bitcoin Trust fund
Overview
The iShares Bitcoin Trust ETF (IBIT) is a spot bitcoin exchange-traded product issued by BlackRock under its iShares brand. It began trading in January 2024 among the first U.S. spot bitcoin ETFs approved by the SEC, and holds bitcoin directly so that its share price tracks the spot price of bitcoin less expenses. IBIT grew into the largest and most heavily traded bitcoin ETP globally.
Within the DeFi Intel graph, iShares Bitcoin Trust connects to 8 tracked entities, most strongly to Bitcoin (BTC), BlackRock, SEC.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Bitcoin (BTC) | 95% |
owns | BlackRock | 95% |
regulated_by | SEC | 95% |
custodied_by | Coinbase Custody | 95% |
custodian_for | Coinbase Custody | 95% |
custodian_for | Anchorage Digital | 90% |
involves | BlackRock IBIT Adds Anchorage as Additional BTC Custodian | 90% |
competes_with | Fidelity Wise Origin Bitcoin Fund | 85% |
Frequently asked questions
What is the iShares Bitcoin Trust?
The iShares Bitcoin Trust ETF (IBIT) is a spot bitcoin exchange-traded product issued by BlackRock under its iShares brand. It holds bitcoin directly so that its share price tracks the spot price of bitcoin less expenses.
Who regulates the iShares Bitcoin Trust?
The iShares Bitcoin Trust is regulated by the SEC.
What chain does the iShares Bitcoin Trust run on?
The iShares Bitcoin Trust supports the Bitcoin (BTC) token.