iShares Bitcoin Trust ETF Q1 2025 Update

TL;DR

Bitcoin ETF NAV up slightly in Q1 2025, holding $40.6B in BTC.

AI Summary

The iShares Bitcoin Trust ETF reported its first quarter 2025 results, ending March 31, 2025. The Trust's net asset value per share saw a slight increase, reflecting the fluctuating fair value of its underlying investment in Bitcoin. The cost of investment in Bitcoin was $40,686,575,306 as of the period end.

Why It Matters

This filing provides insight into the performance and holdings of a major Bitcoin ETF, impacting investor sentiment and the broader cryptocurrency market.

Risk Assessment

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

Key Numbers

• $40.6B — Cost of Investment in Bitcoin (Represents the Trust's holdings as of March 31, 2025.)
• 100.02 — Net Asset Value per Share (Beginning) (Starting NAV per share for the period.)
• 100.00 — Net Asset Value per Share (End) (Ending NAV per share for the period.)

Key Players & Entities

• iShares Bitcoin Trust ETF (company) — Filer of the 10-Q
• 0001980994 (company) — Central Index Key for iShares Bitcoin Trust ETF
• 20250331 (date) — End of the reporting period
• $40,686,575,306 (dollar_amount) — Cost of investment in bitcoin as of March 31, 2025
• $37,372,942,571 (dollar_amount) — Cost of investment in bitcoin as of the prior period end

FAQ

From the Filing

0001437749-25-015168.txt : 20250507 0001437749-25-015168.hdr.sgml : 20250507 20250507170816 ACCESSION NUMBER: 0001437749-25-015168 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 49 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250507 DATE AS OF CHANGE: 20250507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares Bitcoin Trust ETF CENTRAL INDEX KEY: 0001980994 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets EIN: 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: 25922659 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 bit20250331_10q.htm FORM 10-Q bit20250331_10q.htm 0001980994 iShares Bitcoin Trust ETF false --12-31 Q1 2025 100.02 0.02 100.00 100.02 100.00 false false false false Based on the change in net asset value of a Share during the period. Percentage is annualized. Net increase (decrease) in net assets per Share based on average shares outstanding during the period. Cost of investment in bitcoin: $40,686,575,306 and $37,372,942,571, respectively. Based on average Shares outstanding during the period. Includes $100,560 of realized gains and $(35) of realized losses. 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. No par value, unlimited amount authorized. Includes $711,685,203 of realized gains and $(78,845,357) of realized losses. For the period January 1, 2024 to March 31, 2024, the Trust’s total return was 60.84%. 40,686,575,306 37,372,942,571 0 0 1,013,480,000 970,440,000 711,685,203 100,560 78,845,357 35 0001980994 2025-01-01 2025-03-31 xbrli:shares 0001980994 2025-04-30 thunderdome:item iso4217:USD 0001980994 2025-03-31 0001980994 2024-12-31 iso4217:USD xbrli:shares 0001980994 2024-01-01 2024-03-31 0001980994 2023-12-31 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 2024-01-11 2025-01-11 0001980994 2025-01-11 0001980994 srt:MaximumMember 2025-01-01 2025-03-31     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, 2025 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)   &#