iShares Bitcoin Trust ETF (IBIT)
iShares Bitcoin Trust ETF (IBIT) is a spot Bitcoin exchange-traded fund from BlackRock. It manages $67.75B, ranking 1 of 12 US Bitcoin funds with 62% of their combined assets. The fund holds about 3.99% of all Bitcoin in circulation.
The expense ratio is 0.25% a year. On the last trading day it saw an inflow of +$158.15M, and +$65.73B since launch. Daily share trading volume was $2.36B. Shares trade at a premium of 0.2% to net asset value.
A spot bitcoin ETF buys actual bitcoin and holds it with a regulated custodian, while investors buy fund shares on a regular stock exchange through a broker, with no crypto wallet or exchange. These funds have traded in the US since January 2024, and their flows show institutional demand, so traders watch them closely.
Frequently asked questions
What is the IBIT expense ratio?
0.25% per year.
How much does IBIT manage?
$67.75B in assets, ranked 1 among Bitcoin funds.
What were IBIT flows today?
+$158.15M on the last trading day.