The registration statement for BlackRock’s spot bitcoin ETF, the
iShares Bitcoin Trust (IBIT), has been declared effective by the
U.S. Securities and Exchange Commission (SEC). IBIT seeks to track
the price of bitcoin and is expected to begin trading on Nasdaq on
January 11, 2024.
“Through IBIT, investors can access bitcoin in a cost-effective
and convenient way,” said Dominik Rohe, Head of Americas iShares
ETF and Index Investing business at BlackRock.
IBIT helps to remove some of the obstacles and operational
burdens that may prevent investors, from asset managers to
financial advisors, from directly investing in bitcoin.
With over 20 years of experience and more than 1,300 ETFs
globally, iShares has helped over 43 million investors access the
market1. Every iShares ETF unlocks access to institutional grade
technology and professional risk management expertise in the
convenience of the ETF wrapper.
To learn more about the iShares bitcoin ETF filing visit
https://www.sec.gov/Archives/edgar/data/1980994/000143774924001125/bit20240109_424b3.htm
About BlackRock BlackRock’s purpose is to help more and
more people experience financial well-being. As a fiduciary to
investors and a leading provider of financial technology, we help
millions of people build savings that serve them throughout their
lives by making investing easier and more affordable. For
additional information on BlackRock, please visit
www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn:
www.linkedin.com/company/blackrock
About iShares iShares unlocks opportunity across markets
to meet the evolving needs of investors. With more than twenty
years of experience, a global line-up of 1300+ exchange traded
funds (ETFs) and $3.12 trillion in assets under management as of
September 30, 2023, iShares continues to drive progress for the
financial industry. iShares funds are powered by the expert
portfolio and risk management of BlackRock.
Important Information
A registration statement has been filed for the Fund and the
registration statement has become effective. However, shares of the
Fund are not yet available for purchase or sale. Carefully consider
the Funds’ investment objectives, risk factors, and charges and
expenses before investing. This information must be accompanied by
a current iShares Bitcoin Trust prospectus, which may be obtained
by clicking here. Please read the prospectus
carefully before investing.
The iShares Bitcoin Trust is not an investment company
registered under the Investment Company Act of 1940, and therefore
is not subject to the same regulatory requirements as mutual funds
or ETFs registered under the Investment Company Act of 1940. The
Trust is not a commodity pool for purposes of the Commodity
Exchange Act. Before making an investment decision, you should
carefully consider the risk factors and other information included
in the prospectus.
Investing involves risk, including possible loss of
principal. An investment in the Trust may be deemed speculative and
is not intended as a complete investment program. An investment in
Shares should be considered only by persons financially able to
maintain their investment and who can bear the risk of total loss
associated with an investment in the Trust.
Investing in digital assets, such as bitcoin, involves
significant risks due to their extreme price volatility and the
potential for loss, theft, or compromise of private keys. The value
of the shares is closely tied to acceptance, industry developments,
and governance changes, making them susceptible to market
sentiment. Digital assets represent a new and rapidly evolving
industry, and the value of the Shares depends on the acceptance of
bitcoin. Changes in the governance of a digital asset network may
not receive sufficient support from users and miners, which may
negatively affect that digital asset network’s ability to grow and
respond to challenges Investing in the Trust comes with risks that
could impact the Trust's share value, including large-scale sales
by major investors, security threats like breaches and hacking,
negative sentiment among speculators, and competition from central
bank digital currencies and financial initiatives using blockchain
technology. A disruption of the internet or a digital asset
network, such as the Bitcoin network, would affect the ability to
transfer digital assets, including bitcoin, and, consequently,
would impact their value. There can be no assurance that security
procedures designed to protect the Trust’s assets will actually
work as designed or prove to be successful in safeguarding the
Trust’s assets against all possible sources of theft, loss or
damage.
The Trust may incur certain extraordinary, non-recurring
expenses that are not assumed by the Sponsor.
Shares of the Trust are not deposits or other obligations of or
guaranteed by BlackRock, Inc., and its affiliates, and are not
insured by the Federal Deposit Insurance Corporation or any other
governmental agency. The sponsor of the trust is iShares Delaware
Trust Sponsor LLC (the “Sponsor”). BlackRock Investments, LLC
("BRIL"), assists in the promotion of the Trust. The Sponsor and
BRIL are affiliates of BlackRock, Inc. The Bitcoin Custodian is
Coinbase Custody Trust Company, LLC, which is not affiliated with
BlackRock, Inc. The Sponsor is not responsible for losses incurred
due to loss, theft, destruction, or compromise of the trust's
bitcoin.
©2024 BlackRock, Inc. or its affiliates. All rights reserved.
iSHARES and BLACKROCK are trademarks of BlackRock,
Inc., or its affiliates. All other trademarks are the property of
their respective owners.
1 BlackRock, as of September 30, 2023. 43 million figure is an
estimate of the number of investors holding iShares ETFs globally
using various sources. For the United States, ETF investors
calculated using data from Broadridge Financial Solutions, based on
a ticker–level analysis of unique, anonymized individual brokerage
account numbers that hold at least one iShares ETF and have an
account balance greater than $0, and assumes one account equals one
investor which may not reflect potential double counting for
households that may have more than one account. For the European
Union and the United Kingdom, data is from digital platforms,
ExtraETF, Financial Times, AMF, Le Monde, Wisdom Tree, Finanzas,
Italian Association of Asset Managers.
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