Crypto
Spot Bitcoin ETFs Explained: How IBIT, FBTC and the Rest Work
Spot Bitcoin ETFs turned custody, keys and exchanges into a single ticker. How IBIT and FBTC work, what they cost, and where the risks hide.
IBIT
iShares Bitcoin Trust ETF IBIT
$41.63
▲ 0.07 (+0.17%)
Price Chart
iShares Bitcoin Trust ETF Price Chart
$41.63
▲ +0.17%
IBIT · NasdaqGM
Key Statistics
IBIT Key Statistics
NAV$41.58
AUM$61.89B
Expense Ratio0.25%
Dividend Yield0.00%
YTD Return-12.56%
1-Year Return-29.99%
3-Year (annual.)—
5-Year (annual.)—
52-Week High$71.82
52-Week Low$35.30
Beta (3Y)0.00
InceptionJan 2024
The Both Eyes View
IBIT — bull case vs bear case
Red Eye — Risks of IBIT
- A 0.25% expense ratio is a recurring annual cost that compounds against returns versus the cheapest index funds.
- Tracks a highly volatile underlying asset — drawdowns can be deep and fast.
- All ETFs carry market risk — the price can fall, and past performance does not predict future results.
Green Eye — The case for IBIT
- A large, established fund ($61.89B AUM) means deep liquidity and tight bid-ask spreads.
- A regulated, brokerage-friendly way to get spot crypto exposure — no wallets or private keys to manage.
- Trades all day like a stock, with transparent holdings and no minimum investment.
The Both Eyes View weighs the bear case and the bull case. Not financial advice.
About IBIT
About iShares Bitcoin Trust ETF
The shares are intended to constitute a simple means of making an investment similar to an investment in bitcoin rather than by acquiring, holding and trading bitcoin directly on a peer-to-peer or other basis or via a digital asset exchange. The fund is non-diversified.
This page tracks IBIT's live price, holdings, expense ratio and returns, refreshed daily. For how we source market data, see our methodology.
Latest IBIT news
IBIT ETF FAQ
What does IBIT hold?
iShares Bitcoin Trust ETF (IBIT) holds a diversified basket tracking its target index. See the holdings and sector breakdown above.
What is the IBIT expense ratio?
The iShares Bitcoin Trust ETF expense ratio is 0.25% per year — that is about $25.00 annually on a $10,000 investment.
Is IBIT a good investment?
Whether IBIT suits you depends on your goals, time horizon and risk tolerance. Weigh the bull case and bear case above, the cost, and how it fits your overall portfolio. Nothing here is financial advice.
Does IBIT pay dividends?
iShares Bitcoin Trust ETF may distribute any income its holdings generate; check the issuer page for the latest distribution yield.
What index does IBIT track?
iShares Bitcoin Trust ETF is a crypto ETF from iShares. Its objective and benchmark index are detailed in the fund prospectus on the issuer's site.
ETF data is for information only and may be delayed. Nothing here is investment advice or a recommendation to buy or sell IBIT. Markets are volatile and investing carries risk — always do your own research and read the fund prospectus.