# iShares Bitcoin Trust ETF (IBIT)

> Source: Nexqual · https://nexqual.com/IBIT · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, iShares Bitcoin Trust ETF (IBIT), nexqual.com/IBIT" · informational, not investment advice.

**Price:** USD 45.96 (-0.22% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 46.06 · day 45.82–46.41 · 52w 32.84–65.97 · market cap null · NGM

## Key facts
- Total return with dividends: 1Y -26.9% vs S&P 500 +13.4%; 5Y +84.1% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2024 | FY2025 | TTM |
|---|---|---|---|
| Operating income | -$47.5M | -$175M | — |
| Net income | $14.2B | -$8.97B | -$39.2B |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2024-01-08) |
|---|---|---|
| Total return | -26.9% | +84.1% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -26.9% | +24.4% |
| Volatility (annualized) | 45.2% | 44.7% |
| Max drawdown | -49.0% (Oct 2025→Jun 2026) | -51.5% (Sep 2025→Jun 2026) |

## Peers
ETHA (iShares Ethereum Trust ETF) USD 54.08 +0.37% · MSTR (Strategy Inc) USD 146.01 +0.14% · FBTC (Fidelity Wise Origin Bitcoin Fu) USD 70.61 -0.18% · BMNR (BitMine Immersion Technologies,) USD 22.4 -0.44% · CRCL (Circle Internet Group, Inc.) USD 85.91 -0.82%

## More
Full page: https://nexqual.com/IBIT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in IBIT's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1980994/000143774926006058/bit20251231_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Coinbase Global, Inc. (COIN) | "The insurance maintained by Coinbase Global is shared among all of Coinbase's customers, is not specific to the Trust or to customers holding bitcoin with the Bitcoin Custodian or the Prime Execution Agent and may not be…" |
| Partner | BlackRock, Inc. (BLK) | "BlackRock aims to inform and continuously improve its cybersecurity program through engagement with regulatory, client, insurer, vendor, partner, peer, government and industry organizations and associations, as well as e…" |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-26 | 3 | 24.6% | ±1.8% |
| 2026-10-27 | 4 | 28.0% | ±2.4% |
| 2026-10-28 | 5 | 31.1% | ±2.9% |
| 2026-10-29 | 6 | 31.5% | ±3.2% |
| 2026-10-30 | 7 | 32.6% | ±3.6% |
| 2026-11-02 | 10 | 31.9% | ±4.2% |
| 2026-11-03 | 11 | 32.7% | ±4.6% |
| 2026-11-04 | 12 | 36.8% | ±5.3% |