iShares Bitcoin Trust ETF Q3 2024 Performance

Ticker: IBIT · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z

Sentiment: neutral

Topics: bitcoin-etf, cryptocurrency, performance, sec-filing

Related Tickers: BTC-USD

TL;DR

IBIT Q3 return: 44.92% on $21.5B bitcoin investment.

AI Summary

The iShares Bitcoin Trust ETF (IBIT) reported its Q3 2024 results, ending September 30, 2024. The Trust's total return for the period January 1, 2024, to September 30, 2024, was 44.92%. The cost of investment in bitcoin was $21,511,514,705.

Why It Matters

This filing provides insight into the performance of a major spot Bitcoin ETF, reflecting investor interest and the asset's volatility.

Risk Assessment

Risk Level: medium — The value of Bitcoin is highly volatile, directly impacting the ETF's net asset value and returns.

Key Numbers

44.92% — Total Return (YTD) (Performance from January 1, 2024, to September 30, 2024.)
$21,511,514,705 — Cost of Investment in Bitcoin (The total cost basis for the Trust's Bitcoin holdings as of the reporting period.)

Key Players & Entities

iShares Bitcoin Trust ETF (company) — Filer of the 10-Q
20240930 (date) — End of the reporting period
44.92% (dollar_amount) — Total return for the period Jan 1, 2024 to Sep 30, 2024
$21,511,514,705 (dollar_amount) — Cost of investment in bitcoin

FAQ

What was the iShares Bitcoin Trust ETF's total return for the first nine months of 2024?

The Trust's total return for the period January 1, 2024, to September 30, 2024, was 44.92%.

What is the cost of the Trust's investment in Bitcoin as reported in the 10-Q?

The cost of investment in bitcoin is reported as $21,511,514,705.

What is the fiscal year end for the iShares Bitcoin Trust ETF?

The fiscal year end for the iShares Bitcoin Trust ETF is December 31.

When was the iShares Bitcoin Trust ETF's effective date?

The filing mentions an 'Effective Date' for the period January 10, 2024, to September 30, 2024.

What is the SEC file number for the iShares Bitcoin Trust ETF?

The SEC file number for the iShares Bitcoin Trust ETF is 001-41914.

From the Filing

0001437749-24-033812.txt : 20241107 0001437749-24-033812.hdr.sgml : 20241107 20241107113555 ACCESSION NUMBER: 0001437749-24-033812 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 48 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 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: 241434044 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 bit20240930c_10q.htm FORM 10-Q bit20240930c_10q.htm 0001980994 iShares Bitcoin Trust ETF false --12-31 Q3 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. Percentage is annualized. Net increase in net assets per Share based on average shares outstanding during the period. Cost of investment in bitcoin: $21,511,514,705 and $0, respectively. Based on average Shares outstanding during the period. For the period January 1, 2024 to September 30, 2024, the Trust’s total return was 44.92%. For the period January 10, 2024 (Effective Date) to September 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. 21,511,514,705 0 0 0 644,000,000 4,000 0001980994 2024-01-01 2024-09-30 xbrli:shares 0001980994 2024-10-31 thunderdome:item iso4217:USD 0001980994 2024-09-30 0001980994 2023-12-31 iso4217:USD xbrli:shares 0001980994 2024-07-01 2024-09-30 0001980994 2024-01-01 2024-03-31 0001980994 2024-03-31 0001980994 2024-04-01 2024-06-30 0001980994 2024-06-30 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 2024-09-30 0001980994 ibit:BlackRockFinancialManagementIncMember 2024-09-30     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 September 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)   N/A (Former name, former address and former fiscal year, if changed since last report)