iShares Bitcoin Trust Q1 2024: 60.84% Total Return

Ticker: IBIT · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z

Sentiment: bullish

Topics: bitcoin, etf, performance, crypto

Related Tickers: BTC-USD

TL;DR

IBTC Q1 return: 60.84%. Bitcoin cost $13.98B.

AI Summary

The iShares Bitcoin Trust (IBTC) filed its 10-Q for the period ending March 31, 2024. The Trust reported a total return of 60.84% for the period from its effective date of January 10, 2024, to March 31, 2024. The cost of investment in bitcoin was $13,984,500,952.

Why It Matters

This filing provides key performance data for the iShares Bitcoin Trust, offering insights into its returns and the value of its underlying bitcoin holdings for investors.

Risk Assessment

Risk Level: medium — The value of the Trust is directly tied to the volatile price of Bitcoin, making it subject to significant market risk.

Key Numbers

60.84% — Total Return (Performance from Jan 10, 2024 to Mar 31, 2024)
$13,984,500,952 — Cost of Investment in Bitcoin (As of March 31, 2024)

Key Players & Entities

iShares Bitcoin Trust (company) — Filer of the 10-Q
20240331 (date) — End of the reporting period
60.84% (dollar_amount) — Total return for the period
$13,984,500,952 (dollar_amount) — Cost of investment in bitcoin
January 10, 2024 (date) — Effective Date of the Trust

FAQ

What was the net asset value per share at the end of the reporting period?

The filing indicates a net asset value per share of $100.01 at the end of the period.

What was the change in net asset value per share during the period?

The change in net asset value per share during the period was $0.01.

What is the annualized percentage change in net asset value per share?

The annualized percentage change in net asset value per share is 100.00%.

What were the total gains or losses on investment for the period?

The filing states that the total return was 60.84% for the period January 10, 2024, to March 31, 2024.

What is the cost basis for the Trust's bitcoin holdings?

The cost of investment in bitcoin was $13,984,500,952 as of March 31, 2024.

From the Filing

0001437749-24-015392.txt : 20240508 0001437749-24-015392.hdr.sgml : 20240508 20240508164001 ACCESSION NUMBER: 0001437749-24-015392 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 48 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 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: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-41914 FILM NUMBER: 24926916 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 10-Q 1 bit20240331c_10q.htm FORM 10-Q bit20240331c_10q.htm 0001980994 iShares Bitcoin Trust false --12-31 Q1 2024 100.01 0.01 100.00 false false false false Based on the change in net asset value of a Share during the period. Percentage is annualized. Net increase in net assets per Share based on average shares outstanding during the period. Based on average Shares outstanding during the period. The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Share transactions in relation to the fluctuating fair values of the Trust’s underlying investment. Percentage is not annualized. For the period January 10, 2024 (Effective Date) to March 31, 2024. Cost of investment in bitcoin: $13,984,500,952 and $0, respectively. No par value, unlimited amount authorized. For the period January 1, 2024 to March 31, 2024, the Trust’s total return was 60.84%. 13,984,500,952 0 0 0 442,400,000 4,000 0001980994 2024-01-01 2024-03-31 xbrli:shares 0001980994 2024-04-30 thunderdome:item iso4217:USD 0001980994 2024-03-31 0001980994 2023-12-31 iso4217:USD xbrli:shares xbrli:pure 0001980994 ibit:BlackRockFinancialManagementIncMember 2024-01-05 2024-01-05 0001980994 ibit:BlackRockFinancialManagementIncMember 2024-01-05 0001980994 2024-01-05 2024-01-05 0001980994 srt:ScenarioForecastMember 2024-01-11 2025-01-11 0001980994 srt:ScenarioForecastMember 2025-01-11 0001980994 srt:MaximumMember 2024-01-01 2024-03-31 0001980994 ibit:BlackRockFinancialManagementIncMember 2024-03-31     Table of Contents     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 10-Q     ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   For the transition period from                               to                                Commission File Number: 001-41914     iShares ® Bitcoin Trust (Exact name of registrant as specified in its charter)     Delaware 93-6461129 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)   c/o iShares Delaware Trust Sponsor LLC 400 Howard Street San Francisco , California 94105 (Address of principal executive offices) (Zip Code)   ( 415 ) 670-2000 (Registrant’s telephone number, including area code)     N/A (Former name, former address and former fiscal year, if changed since last report)     Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Shares IBIT The Nasdaq Stock Market LLC   Indicat