iShares Bitcoin Trust ETF Q2 2024 Update

TL;DR

Bitcoin ETF up 44% in H1 2024, holding $17.7B in BTC.

AI Summary

The iShares Bitcoin Trust ETF reported a total return of 44.28% for the period from January 1, 2024, to June 30, 2024. The cost of its investment in bitcoin was $17,749,065,590 as of June 30, 2024. The Trust's net asset value per share saw a change of 0.02 during the period, with a reported net increase in net assets per share based on average shares outstanding.

Why It Matters

This filing provides insight into the performance and holdings of a major Bitcoin ETF, impacting investors interested in cryptocurrency exposure through traditional financial products.

Risk Assessment

Risk Level: medium — The value of the ETF is directly tied to the volatile price of Bitcoin, introducing significant market risk.

Key Numbers

• 44.28% — Total Return (For the period January 1, 2024 to June 30, 2024.)
• $17,749,065,590 — Cost of Investment in Bitcoin (As of June 30, 2024.)
• 0.02 — Change in Net Asset Value per Share (During the period, based on change in NAV.)

Key Players & Entities

• iShares Bitcoin Trust ETF (company) — Filer of the 10-Q
• 44.28% (dollar_amount) — Total return for H1 2024
• $17,749,065,590 (dollar_amount) — Cost of investment in bitcoin as of June 30, 2024
• January 1, 2024 (date) — Start of reporting period
• June 30, 2024 (date) — End of reporting period

FAQ

From the Filing

0001437749-24-025406.txt : 20240808 0001437749-24-025406.hdr.sgml : 20240808 20240808122519 ACCESSION NUMBER: 0001437749-24-025406 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 51 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240808 DATE AS OF CHANGE: 20240808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares Bitcoin Trust ETF CENTRAL INDEX KEY: 0001980994 STANDARD INDUSTRIAL CLASSIFICATION: [6221] 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: 241187093 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 FORMER COMPANY: FORMER CONFORMED NAME: iShares Bitcoin Trust DATE OF NAME CHANGE: 20230609 10-Q 1 bit20240630c_10q.htm FORM 10-Q bit20240630c_10q.htm 0001980994 iShares Bitcoin Trust ETF false --12-31 Q2 2024 100.02 0.02 100.00 false false false false Based on the change in net asset value of a Share during the period. For the period January 1, 2024 to June 30, 2024, the Trust’s total return was 44.28%. Cost of investment in bitcoin: $17,749,065,590 and $0, respectively. Percentage is annualized. Net increase (decrease) in net assets per Share based on average shares outstanding during the period. Based on average Shares outstanding during the period. For the period January 10, 2024 (Effective Date) to June 30, 2024. 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. No par value, unlimited amount authorized. 17,749,065,590 0 0 0 539,160,000 4,000 0001980994 2024-01-01 2024-06-30 xbrli:shares 0001980994 2024-07-31 thunderdome:item iso4217:USD 0001980994 2024-06-30 0001980994 2023-12-31 iso4217:USD xbrli:shares 0001980994 2024-04-01 2024-06-30 0001980994 2024-01-01 2024-03-31 0001980994 2024-03-31 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 2024-06-30 0001980994 ibit:BlackRockFinancialManagementIncMember 2024-06-30     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 June 30, 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 ETF (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)   iShares ® Bitcoin Trust (Former name, former address and former fiscal year, if changed since last report)   Securities registered pursu