iShares Bitcoin Trust ETF

iShares Bitcoin Trust ETF is a physically backed digital asset trust designed to provide direct exposure to the price of bitcoin through an exchange-traded vehicle. Its primary objective is to reflect, before fees and expenses, the performance of bitcoin, allowing investors to access the asset class without handling private keys, wallets, or crypto exchange accounts. The trust holds bitcoin as its sole asset, with shares intended to mirror the value of the underlying holdings less operating costs. Sponsored by iShares Delaware Trust Sponsor LLC and integrated with institutional-grade custody via Coinbase Prime, it emphasizes operational infrastructure, liquidity, and traditional market accessibility. The product has garnered significant market attention and trading activity since launch, becoming a prominent conduit for institutional and retail participation in bitcoin price movements. It is not registered under the Investment Company Act of 1940 and is not a commodity pool under the Commodity Exchange Act, distinguishing its regulatory profile from conventional mutual funds and registered ETFs. By translating spot bitcoin exposure into a listed security, iShares Bitcoin Trust ETF plays a growing role in bridging digital assets and mainstream portfolios.