10-Q Filing

iShares Bitcoin Trust ETF CIK: 1980994 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001437749-24-015392`
Period End Date	20240331
Filing Date	20240508
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	bit20240331c_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 22 Cash Flow Statement 30

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Investment in bitcoin, cost	`InvestmentOwnedAtCost`	-	USD	Point-in-time
Investment in bitcoin, cost	`InvestmentOwnedAtCost`	-	USD	Point-in-time
Investment in bitcoin, cost	`InvestmentOwnedAtCost`	$13.98B	USD	Point-in-time
Investment in bitcoin, cost	`InvestmentOwnedAtCost`	$13.98B	USD	Point-in-time
Shares, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Shares, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Investment in bitcoin, at fair value	`CryptoAssetFairValue`	-	USD	Point-in-time
Investment in bitcoin, at fair value	`CryptoAssetFairValue`	-	USD	Point-in-time
Shares, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Shares, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Investment in bitcoin, at fair value	`CryptoAssetFairValue`	$17.79B	USD	Point-in-time
Investment in bitcoin, at fair value	`CryptoAssetFairValue`	$17.79B	USD	Point-in-time
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$140.55K	USD	Point-in-time
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$140.55K	USD	Point-in-time
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$100.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$100.00K	USD	Point-in-time
Shares, issued (in shares)	`TemporaryEquitySharesIssued`	442.40M	shares	Point-in-time
Shares, issued (in shares)	`TemporaryEquitySharesIssued`	442.40M	shares	Point-in-time
Shares, issued (in shares)	`TemporaryEquitySharesIssued`	4,000.00	shares	Point-in-time
Shares, issued (in shares)	`TemporaryEquitySharesIssued`	4,000.00	shares	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$17.79B	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$17.79B	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$100.00K	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$100.00K	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	-	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	-	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$2.50M	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$2.50M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$2.50M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$2.50M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	-	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$17.79B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$17.79B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$100.00K	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$100.00K	USD	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	4,000.00	shares	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	4,000.00	shares	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	442.40M	shares	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	442.40M	shares	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$25.00	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$25.00	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$40.21	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$40.21	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Sponsors fees	`SponsorsFees`	$4.21M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$4.21M	USD	1 Quarter
Sponsors fees waiver	`SponsorFeesWaived`	$1.07M	USD	1 Quarter
Sponsors fees waiver	`SponsorFeesWaived`	$1.07M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.14M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.14M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-3.14M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-3.14M	USD	1 Quarter
Bitcoin sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$100.53K	USD	1 Quarter
Bitcoin sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$100.53K	USD	1 Quarter
Bitcoin sold for the redemption of Shares	`NetRealizedGainLossFromBitcoinSoldForTheRedemptionOfShares`	-	USD	1 Quarter
Bitcoin sold for the redemption of Shares	`NetRealizedGainLossFromBitcoinSoldForTheRedemptionOfShares`	-	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$3.81B	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$3.81B	USD	1 Quarter
Net realized and unrealized gain	`GainLossOnInvestments`	$3.81B	USD	1 Quarter
Net realized and unrealized gain	`GainLossOnInvestments`	$3.81B	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$3.80B	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$3.80B	USD	1 Quarter
Net increase in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$19.07	USD	1 Quarter
Net increase in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$19.07	USD	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net increase in net assets resulting from operations	`NetIncomeLoss`	$3.80B	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$3.80B	USD	1 Quarter
Purchases of bitcoin	`PaymentsToAcquireInvestmentInCryptoAssets`	$13.98B	USD	1 Quarter
Purchases of bitcoin	`PaymentsToAcquireInvestmentInCryptoAssets`	$13.98B	USD	1 Quarter
Proceeds from bitcoin sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$357.53K	USD	1 Quarter
Proceeds from bitcoin sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$357.53K	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$3.81B	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$3.81B	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$2.50M	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$2.50M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.99B	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.99B	USD	1 Quarter
Proceeds from issuance of Shares	`ProceedsFromOtherEquity`	$13.99B	USD	1 Quarter
Proceeds from issuance of Shares	`ProceedsFromOtherEquity`	$13.99B	USD	1 Quarter
Payments on Shares redeemed	`Redemptions`	$100.00K	USD	1 Quarter
Payments on Shares redeemed	`Redemptions`	$100.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.99B	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.99B	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$40.55K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$40.55K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.00K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.00K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$140.55K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$140.55K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.00K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.00K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$140.55K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$140.55K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.