iShare Bitcoin Trust

Fund Description

IBIT is a passively managed fund that seeks to track the spot price of Bitcoin.

FactSet Analyst Report

IBIT aims to track the spot price of Bitcoin, less expenses and liabilities. It intends to provide accessibility to Bitcoinwithout the complexities of acquiring, holding, and trading directly through a digital asset platform. The trust is backed byBitcoin held in cold storage, which is a safeguarding method by which the private keys corresponding to the trusts Bitcoinsare generated and stored in an offline manner, making them more resistant to hacking. Holdings are valued daily basedon the CF Benchmarks Index. This serves as a once-a-day benchmark rate of Bitcoins USD price, calculated as of 4:00pm ET. The index aggregates the trade flow of several Bitcoin platforms during an observation window, focusing onrelevant transactions, as defined by the index provider. At the time of launch, the Issuer waived a portion of the fee. Thefunds expense ratio and tracking should be reviewed and considered for comparison purposes.

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