Quick Read

• BlackRock manages IBIT but a separate Delaware trust legally owns the Bitcoin, while Coinbase Custody holds the private keys.

• IBIT shareholders gain Bitcoin price exposure but cannot withdraw coins, spending or storing them personally is impossible.

• Share creations and redemptions drive Bitcoin supply dynamics, with IBIT mirroring Bitcoin’s 23% drop over the past year.

• Finally! You can open a SoFi Crypto account and access 25 plus cryptocurrencies without juggling apps or logins.

Many investors in BlackRock’s Bitcoin ETF might think the fund manager owns the Bitcoin. However, the iShares Bitcoin Trust ETF (NASDAQ: IBIT) has a different structure. While BlackRock (