iShares Bitcoin Trust ETF Sees 100% NAV Growth in 2024

TL;DR

IBIT ETF up 100% in 2024, $37B in BTC costs. Big year!

AI Summary

The iShares Bitcoin Trust ETF, reporting for the fiscal year ending December 31, 2024, experienced a net increase in net assets per share of 100.02%. The Trust's cost of investment in bitcoin was $37,372,942,571. This filing covers the period from January 10, 2024, the effective date, through December 31, 2024.

Why It Matters

This filing provides key financial performance data for the iShares Bitcoin Trust ETF, indicating significant growth in its net asset value, which is directly tied to the performance of Bitcoin.

Risk Assessment

Risk Level: high — The value of the Trust is directly tied to the volatile price of Bitcoin, making it inherently risky.

Key Numbers

• $37.37B — Cost of Investment in Bitcoin (Represents the total investment in Bitcoin as of December 31, 2024.)
• 100.02% — Net Increase in Net Assets Per Share (Indicates significant growth in the ETF's value during the reporting period.)
• 100.00% — Net Increase in Net Assets (Reflects the overall growth of the Trust's assets.)

Key Players & Entities

• iShares Bitcoin Trust ETF (company) — Filer of the 10-K report
• 2024-12-31 (date) — Fiscal year end
• 2025-03-05 (date) — Filing date
• 2024-01-10 (date) — Effective date of the Trust
• $37,372,942,571 (dollar_amount) — Cost of investment in bitcoin
• 100.02% (dollar_amount) — Net increase in net assets per Share
• iShares Delaware Trust Sponsor, LLC (company) — Sponsor of the Trust

FAQ

From the Filing

0001437749-25-006260.txt : 20250305 0001437749-25-006260.hdr.sgml : 20250305 20250305141318 ACCESSION NUMBER: 0001437749-25-006260 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 56 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250305 DATE AS OF CHANGE: 20250305 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-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41914 FILM NUMBER: 25710114 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-K 1 bit20241231_10k.htm FORM 10-K bit20241231_10k.htm 0001980994 iShares Bitcoin Trust ETF false --12-31 FY 2024 true true true false true true false false false false 100.02 0.02 100.00 Based on the change in net asset value of a Share during the period. Net increase in net assets per Share based on average shares outstanding during the year. For the period January 10, 2024 (Effective Date) to December 31, 2024. Percentage is annualized. Cost of investment in bitcoin: $37,372,942,571 and $0, respectively. 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. No par value, unlimited amount authorized. Includes $132,278,310 of realized gains and $(9,714,657) of realized losses. For the period January 1, 2024 to December 31, 2024, the Trust’s total return was 112.36%. 37,372,942,571 0 0 0 970,440,000 4,000 132,278,310 9,714,657 0001980994 2024-01-01 2024-12-31 iso4217:USD 0001980994 2024-06-30 xbrli:shares 0001980994 2025-02-28 thunderdome:item 0001980994 2024-12-31 0001980994 2023-12-31 iso4217:USD xbrli:shares 0001980994 2023-10-27 0001980994 2023-10-28 2023-12-31 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 2024-12-31     Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 10-K     ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934     For the fiscal year ended December 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 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)     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 IB