10-Q Filing

iShares Bitcoin Trust ETF CIK: 1980994 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001437749-24-025406`
Period End Date	20240630
Filing Date	20240808
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	bit20240630c_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 52 Cash Flow Statement 42

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Investment in bitcoin, cost	`InvestmentOwnedAtCost`	$17.75B	USD	Point-in-time
Investment in bitcoin, cost	`InvestmentOwnedAtCost`	$17.75B	USD	Point-in-time
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
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
Investment in bitcoin, at fair value	`CryptoAssetFairValue`	$19.45B	USD	Point-in-time
Investment in bitcoin, at fair value	`CryptoAssetFairValue`	$19.45B	USD	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
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$100.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$100.00K	USD	Point-in-time
Shares, issued (in shares)	`TemporaryEquitySharesIssued`	539.16M	shares	Point-in-time
Shares, issued (in shares)	`TemporaryEquitySharesIssued`	539.16M	shares	Point-in-time
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$150.09K	USD	Point-in-time
Cash	`CashAndCashEquivalentsFairValueDisclosure`	$150.09K	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$19.45B	USD	Point-in-time
Total Assets	`AssetsFairValueDisclosure`	$19.45B	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`	$3.54M	USD	Point-in-time
Sponsors fees payable	`AccountsPayableFairValueDisclosure`	$3.54M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$3.54M	USD	Point-in-time
Total Liabilities	`LiabilitiesFairValueDisclosure`	$3.54M	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`	$19.45B	USD	Point-in-time
Net Assets	`FairValueNetAssetLiability`	$19.45B	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`	539.16M	shares	Point-in-time
Shares issued and outstanding (in shares)	`TemporaryEquitySharesOutstanding`	539.16M	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`	4,000.00	shares	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
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`	$36.07	USD	Point-in-time
Net asset value per Share (Note 2C) (in dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$36.07	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Sponsors fees	`SponsorsFees`	$11.51M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$11.51M	USD	1 Quarter
Sponsors fees	`SponsorsFees`	$15.72M	USD	2 Qtrs
Sponsors fees	`SponsorsFees`	$15.72M	USD	2 Qtrs
Sponsors fees waiver	`SponsorFeesWaived`	$2.69M	USD	2 Qtrs
Sponsors fees waiver	`SponsorFeesWaived`	$2.69M	USD	2 Qtrs
Sponsors fees waiver	`SponsorFeesWaived`	$1.62M	USD	1 Quarter
Sponsors fees waiver	`SponsorFeesWaived`	$1.62M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$9.89M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$9.89M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$13.03M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$13.03M	USD	2 Qtrs
Net investment loss	`OperatingIncomeLoss`	$-13.03M	USD	2 Qtrs
Net investment loss	`OperatingIncomeLoss`	$-13.03M	USD	2 Qtrs
Net investment loss	`OperatingIncomeLoss`	$-9.89M	USD	1 Quarter
Net investment loss	`OperatingIncomeLoss`	$-9.89M	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`	$1.46M	USD	2 Qtrs
Bitcoin sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.46M	USD	2 Qtrs
Bitcoin sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.35M	USD	1 Quarter
Bitcoin sold to pay expenses	`GainLossOnSaleOfTrustAssetsToPayExpenses`	$1.35M	USD	1 Quarter
Bitcoin sold for the redemption of Shares	`NetRealizedGainLossFromBitcoinSoldForTheRedemptionOfShares`	$872.89K	USD	1 Quarter
Bitcoin sold for the redemption of Shares	`NetRealizedGainLossFromBitcoinSoldForTheRedemptionOfShares`	$872.89K	USD	1 Quarter
Bitcoin sold for the redemption of Shares	`NetRealizedGainLossFromBitcoinSoldForTheRedemptionOfShares`	$872.89K	USD	2 Qtrs
Bitcoin sold for the redemption of Shares	`NetRealizedGainLossFromBitcoinSoldForTheRedemptionOfShares`	$872.89K	USD	2 Qtrs
Net realized gain	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$2.33M	USD	2 Qtrs
Net realized gain	`RealizedInvestmentGainsLosses`	$2.33M	USD	2 Qtrs
Net realized gain	`RealizedInvestmentGainsLosses`	$2.23M	USD	1 Quarter
Net realized gain	`RealizedInvestmentGainsLosses`	$2.23M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$1.70B	USD	2 Qtrs
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$1.70B	USD	2 Qtrs
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 change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-2.10B	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-2.10B	USD	1 Quarter
Net realized and unrealized gain (loss)	`GainLossOnInvestments`	$-2.10B	USD	1 Quarter
Net realized and unrealized gain (loss)	`GainLossOnInvestments`	$-2.10B	USD	1 Quarter
Net realized and unrealized gain (loss)	`GainLossOnInvestments`	$1.71B	USD	2 Qtrs
Net realized and unrealized gain (loss)	`GainLossOnInvestments`	$1.71B	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$3.80B	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$3.80B	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-2.11B	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-2.11B	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$1.69B	USD	2 Qtrs
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$1.69B	USD	2 Qtrs
Net increase (decrease) in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$-4.25	USD	1 Quarter
Net increase (decrease) in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$-4.25	USD	1 Quarter
Net increase (decrease) in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$4.86	USD	2 Qtrs
Net increase (decrease) in net assets per Share (in dollars per share)	`EarningsPerShareBasic`	$4.86	USD	2 Qtrs

Cash Flow Statement 42 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
Net increase in net assets resulting from operations	`NetIncomeLoss`	$-2.11B	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$-2.11B	USD	1 Quarter
Net increase in net assets resulting from operations	`NetIncomeLoss`	$1.69B	USD	2 Qtrs
Net increase in net assets resulting from operations	`NetIncomeLoss`	$1.69B	USD	2 Qtrs
Purchases of bitcoin	`PaymentsToAcquireInvestmentInCryptoAssets`	$17.79B	USD	2 Qtrs
Purchases of bitcoin	`PaymentsToAcquireInvestmentInCryptoAssets`	$17.79B	USD	2 Qtrs
Proceeds from bitcoin sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$46.02M	USD	2 Qtrs
Proceeds from bitcoin sold to pay expenses	`ProceedsFromSaleOfTrustAssetsToPayExpenses`	$46.02M	USD	2 Qtrs
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$100.53K	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$2.33M	USD	2 Qtrs
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$2.33M	USD	2 Qtrs
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$2.23M	USD	1 Quarter
Net realized (gain) loss	`RealizedInvestmentGainsLosses`	$2.23M	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$1.70B	USD	2 Qtrs
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$1.70B	USD	2 Qtrs
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 change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-2.10B	USD	1 Quarter
Net change in unrealized appreciation/depreciation	`UnrealizedGainLossOnInvestments`	$-2.10B	USD	1 Quarter
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$3.54M	USD	2 Qtrs
Sponsors fees payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$3.54M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.76B	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.76B	USD	2 Qtrs
Proceeds from issuance of Shares	`ProceedsFromOtherEquity`	$17.80B	USD	2 Qtrs
Proceeds from issuance of Shares	`ProceedsFromOtherEquity`	$17.80B	USD	2 Qtrs
Payments on Shares redeemed	`Redemptions`	$46.45M	USD	2 Qtrs
Payments on Shares redeemed	`Redemptions`	$46.45M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.76B	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.76B	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$50.09K	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$50.09K	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.09K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.09K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.00K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.00K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.09K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$150.09K	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

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