Here’s is a review of the iShares Bitcoin Trust ETF (IBIT) based on the latest available market data:
As of the most recent market data, the iShares Bitcoin Trust ETF (ticker: IBIT) is trading around $39.68 per share — a reflection of Bitcoin’s broader price weakness and risk-off sentiment in digital assets.
IBIT remains the largest U.S. spot Bitcoin ETF, offering investors regulated exposure to Bitcoin without the need to hold or self-custody the cryptocurrency directly. According to delayed exchange data, the fund’s total assets under management (AUM) sit in the mid-to-high tens of billions range — with recent figures around roughly $64.8 billion.
Fund flows in 2025 and into early 2026 have been a mixed picture: IBIT has shown substantial overall inflows since launch and at times strong institutional interest, but recent market downturns in Bitcoin have led to notable outflows and drawdowns in investor returns as crypto sentiment shifted.
The ETF charges an expense ratio of approximately 0.25%, which is competitive for a spot Bitcoin product, although some fee compression has occurred industry-wide with promotional rate variations noted.
In terms of premium/discount to NAV, IBIT typically trades very close to its net asset value, with recent data indicating it is marginally below NAV at around a –0.04% discount, reflecting tight trading spreads that are common for highly liquid crypto ETPs.
Overall, IBIT’s structure — holding physical Bitcoin via institutional custody — delivers pure Bitcoin exposure minus fees, and its large scale and liquidity make it a flagship Bitcoin ETF choice. However, like any crypto-linked product, it remains highly volatile and will swing with underlying Bitcoin price movements rather than acting as a diversified or defensive asset.
