IBIT — iShares Bitcoin Trust ETF

IBIT Price Performance — Growth of $10,000

Value of a $10,000 investment in IBIT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IBIT Drawdown

The "underwater" chart: IBIT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Bitcoin Trust ETF, trading under the ticker IBIT, operates within the Crypto category managed by the issuer iShares. With assets under management totaling $43.2 billion and a current share price of $36.65, the fund represents a significant position among the 11 ETFs tracked in its category. Despite its substantial size, the fund holds an overall rank of #426 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 38.4 out of 100. The fund charges an expense ratio of 0.25% and offers a dividend yield of 0.00%, indicating it does not distribute income to shareholders. The combination of high assets under management and a low grade suggests a divergence between investor adoption and the fund's current performance metrics. This profile places the ETF in a distinct position where capital inflow has not translated into a top-tier ranking relative to the broader market.

Recent performance data reveals a pattern of short-term volatility contrasted by significant long-term declines. The fund posted a one-day return of -1.85% followed by a weekly gain of +0.71% and a monthly increase of +3.79%. However, these short-term movements are overshadowed by negative returns over longer horizons, with the three-month return falling to -18.10%. Year-to-date performance stands at -28.05%, while the six-month return shows a deeper decline of -28.29%. The one-year return is recorded at -45.96%, and the three-year return is currently unavailable. This trajectory indicates that while brief periods of recovery occurred, the fund has experienced sustained downward pressure over the majority of the measured periods.

The fund is assigned a Volatility label of Very High, reflecting significant price fluctuations inherent to its asset class. A Sharpe ratio of -1.15 indicates that the returns generated have not compensated investors for the level of risk taken, resulting in negative risk-adjusted performance. The maximum drawdown of -53.30% highlights the potential for severe capital erosion during market downturns. Beta data is not available for this fund, limiting the ability to compare its systematic risk directly against a benchmark. The combination of a negative Sharpe ratio and a deep maximum drawdown suggests the fund experiences sharp declines that are not offset by sufficient upside gains. These metrics collectively describe an investment vehicle with extreme sensitivity to market movements and a history of substantial losses relative to its risk profile.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IBIT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.06% and average daily volume is 43.6M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $43.2B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IBIT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IBIT Performance History

How IBIT Compares to Other Crypto ETFs