iShares Bitcoin Trust Files S-1/A, Nearing Public Offering

TL;DR

**BlackRock's iShares Bitcoin Trust is almost ready to launch, making Bitcoin investing easier for everyone.**

AI Summary

iShares Bitcoin Trust, sponsored by iShares Delaware Trust Sponsor LLC, filed an S-1/A on January 9, 2024, which is Amendment No. 7 to its initial registration statement. This filing indicates the Trust is moving closer to offering its shares to the public, with the proposed sale commencing "as soon as practicable after this Registration Statement becomes effective." This matters to potential investors because it signals the imminent launch of a new, regulated way to invest in Bitcoin through a product from a major financial institution, BlackRock, potentially increasing Bitcoin's accessibility and mainstream adoption.

Why It Matters

This filing brings the iShares Bitcoin Trust closer to launch, potentially opening up Bitcoin investment to a wider audience through a traditional, regulated investment vehicle.

Risk Assessment

Risk Level: medium — While the filing itself is procedural, investing in a Bitcoin trust carries inherent risks due to Bitcoin's price volatility and regulatory uncertainties.

Analyst Insight

A smart investor would monitor news for the effective date of this registration statement, as it will signal the imminent launch of the iShares Bitcoin Trust, potentially impacting Bitcoin's price and the broader crypto market.

Key Numbers

• 0001437749-24-000917 — Accession Number (unique identifier for this specific SEC filing)
• 20240109 — Filed As Of Date (the date the S-1/A was officially filed with the SEC)
• 333-272680 — SEC File Number (the registration statement number for the iShares Bitcoin Trust)
• 7 — Amendment Number (indicates this is the seventh revision to the original S-1 filing)
• 400 Howard Street, San Francisco, CA 94105 — Principal Executive Offices Address (location of the registrant and sponsor)

Key Players & Entities

• iShares Bitcoin Trust (company) — the registrant seeking to offer shares
• iShares Delaware Trust Sponsor LLC (company) — the sponsor of the iShares Bitcoin Trust
• BlackRock, Inc. (company) — parent company of the sponsor, listed for legal counsel
• January 9, 2024 (date) — date of the S-1/A filing
• Amendment No. 7 (dollar_amount) — the specific amendment number to the S-1 registration statement
• 333-272680 (dollar_amount) — the SEC file number for the registration statement

Forward-Looking Statements

• The iShares Bitcoin Trust will launch its public offering within the next few weeks. (iShares Bitcoin Trust) — high confidence, target: 2024-02-01

FAQ

From the Filing

0001437749-24-000917.txt : 20240109 0001437749-24-000917.hdr.sgml : 20240109 20240109060602 ACCESSION NUMBER: 0001437749-24-000917 CONFORMED SUBMISSION TYPE: S-1/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240109 DATE AS OF CHANGE: 20240109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares Bitcoin Trust CENTRAL INDEX KEY: 0001980994 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-1/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-272680 FILM NUMBER: 24521661 BUSINESS ADDRESS: STREET 1: C/O ISHARES DELAWARE TRUST SPONSOR, LLC STREET 2: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-670-6416 MAIL ADDRESS: STREET 1: C/O ISHARES DELAWARE TRUST SPONSOR, LLC STREET 2: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 S-1/A 1 bit20240108_s1a.htm bit20240108_s1a.htm Table of Contents As filed with the Securities and Exchange Commission on January 9, 2024. Registration Statement No. 333-272680 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 7 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 i SHARES ® BITCOIN TRUST SPONSORED BY iSHARES DELAWARE TRUST SPONSOR LLC (Exact name of Registrant as specified in its charter) Delaware 6221 93-6461129 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) c/o iShares Delaware Trust Sponsor LLC 400 Howard Street, San Francisco, CA 94105 Attn: Product Management Team, iShares Product Research & Development (415) 670-2000 (Address, including zip code, and telephone number, including area code, of Registrant ’ s principal executive offices) iShares Delaware Trust Sponsor LLC 400 Howard Street, San Francisco, CA 94105 Attn: Product Management Team, iShares Product Research & Development (415) 670-2000 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: Clifford R. Cone, Esq. Jason D. Myers, Esq. Clifford Chance US LLP 31 West 52nd Street New York, NY 10019 Marisa Rolland, Esq. Adithya Attawar, Esq. BlackRock, Inc. 400 Howard Street San Francisco, CA 94105 Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☒ Table of Contents If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ E