Filing Risk Score
38D
Regulatory filing quality and event signal from SEC disclosures
Key inputs: Quarterly report filing: quarterly report · Recent leadership disclosure
Spot BTC ETF wrapper
iShares Bitcoin Trust ETF
IBITSpot Bitcoin ETF wrapper where AUM, liquidity, fees, and premium or discount frame investor exposure.
ETFSpot Bitcoin ETFSpot bitcoin ETF wrapper
Signal summary
Sawse research signals
Scores summarize filing, market, ownership, and exposure records for research prioritization.
BTC Exposure Score
90A
Degree of Bitcoin exposure relative to entity type
Key inputs: Spot bitcoin ETF wrapper
Event Momentum Score
100A
Directional signal from recent SEC event categorizations
Key inputs: 1 recent SEC filing · 6 fresh source updates
Quote & Trading
Delayed quote
$36.02
-$1.05 (-2.76%)
Session timestamp: Jun 5, 2026, 9:30 PM
- Range
- 1M
- Start
- $45.4
- Latest
- $37
- Latest date
- Jun 3, 2026
Fundamentals
Showing the latest source-confirmed income statement values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
2 metrics · latest period Mar 31, 2026. 2 metrics include a prior-period comparison.
Net income
-15.13B USD
Operating income
-36.69M USD
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Net income | -15.13B USD | Mar 31, 2026 | -8.97B USD | -6.16B USD (-68.7%) |
| Operating income | -36.69M USD | Mar 31, 2026 | -174.56M USD | +137.87M USD (79.0%) |
Net income
Mar 31, 2026
- Value
- -15.13B USD
- Change
- -6.16B USD (-68.7%)
- Prior
- -8.97B USD
Operating income
Mar 31, 2026
- Value
- -36.69M USD
- Change
- +137.87M USD (79.0%)
- Prior
- -174.56M USD
SEC Filings
Risk Factor Watch
17 source-confirmed changes detected
Compared 10-K 2026-02-27 with 10-K 2025-03-05.
8 Added1 Changed8 Removed
New / expanded language
Anchorage - The Additional Bitcoin Custodian The Additional Bitcoin Custodian is Anchorage Digital Bank N.
, a national trust bank regulated by the Office of the Comptroller of the Currency (the “OCC”).
As of the date of this prospectus, the Sponsor has no plans to move any of the Trust’s bitcoin to the Additional Bitcoin Custodian, though such plans are subject to ongoing review.
Materially changed
The insurance maintained by Anchor Labs may be shared among Anchor Labs Insureds’ other customers, is not necessarily exclusive to the Trust or to customers holding bitcoin with Anchorage and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.
8 removed risk-factor candidates
Valuation of Bitcoin ; The CF Benchmarks Index On each day other than a Saturday or a Sunday, or a day on which NASDAQ is closed for regular trading (a “Business Day”), as soon as practicable after 4:00 p.
To the extent that the Sponsor does not voluntarily assume such fees and expenses, they will be the responsibility of the Trust.
The Sponsor will also pay the costs of the Trust’s organization and the initial sale of the Shares.
25% of the net asset value of the Trust and is payable at least quarterly in arrears in U.
Source-extracted Item 1A comparison.
May 7, 2026View on SEC
Mar 31, 2026View on SEC
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Feb 27, 2026View on SEC
Nov 6, 2025View on SEC
Aug 5, 2025View on SEC
Insider Activity
Insider activity is not applicable
ETF wrappers do not have officer and director Form 4 activity in the same way operating companies do.
Institutional Ownership
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Observed 13F managers8
Loaded filings
Largest loaded manager4.8%
Of loaded 13F shares
Top 10 loaded share—
Only 8 loaded
Top 25 loaded share—
Only 8 loaded
Rows with movement8
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| Citadel Advisors LLCPosition and value moved | Mar 2026 | 1.28M | 0.09% | $49.01B | Position-2.75MValue-$150.94B |
| Coatue Management LLCMarket value moved | Mar 2026 | 67.23K | 0.00% | $2.58B | PositionNo share changeValue-$754.95M |
| D. E. Shaw & Co., Inc.Position and value moved | Mar 2026 | 5.55M | 0.39% | $213.27B | Position+4.69MValue+$170.7B |
| D. E. Shaw & Co., Inc.Position and value moved | Mar 2026 | 709.45K | 0.05% | $27.26B | Position-147.95KValue-$15.31B |
| FMR LLCLarge position move | Mar 2026 | 75 | 0.00% | $2.9M | Position-159Value-$8.72M |
| The Goldman Sachs Group, Inc.Market value moved | Mar 2026 | 17.49M | 1.22% | $671.78B | Position-3.2MValue-$355.24B |
| The Goldman Sachs Group, Inc.Position and value moved | Mar 2026 | 500K | 0.03% | $19.21B | Position-20.19MValue-$1007.8B |
| Bank of America CorpPosition and value moved | Mar 2026 | 972.59K | 0.07% | $37.37B | Position+969.5KValue+$37.21B |
Citadel Advisors LLCPosition and value moved
Mar 2026
- Shares
- 1.28M
- % Shares out.
- 0.09%
- Value
- $49.01B
- Movement
- Position-2.75MValue-$150.94B
Coatue Management LLCMarket value moved
Mar 2026
- Shares
- 67.23K
- % Shares out.
- 0.00%
- Value
- $2.58B
- Movement
- PositionNo share changeValue-$754.95M
D. E. Shaw & Co., Inc.Position and value moved
Mar 2026
- Shares
- 5.55M
- % Shares out.
- 0.39%
- Value
- $213.27B
- Movement
- Position+4.69MValue+$170.7B
D. E. Shaw & Co., Inc.Position and value moved
Mar 2026
- Shares
- 709.45K
- % Shares out.
- 0.05%
- Value
- $27.26B
- Movement
- Position-147.95KValue-$15.31B
FMR LLCLarge position move
Mar 2026
- Shares
- 75
- % Shares out.
- 0.00%
- Value
- $2.9M
- Movement
- Position-159Value-$8.72M
The Goldman Sachs Group, Inc.Market value moved
Mar 2026
- Shares
- 17.49M
- % Shares out.
- 1.22%
- Value
- $671.78B
- Movement
- Position-3.2MValue-$355.24B
The Goldman Sachs Group, Inc.Position and value moved
Mar 2026
- Shares
- 500K
- % Shares out.
- 0.03%
- Value
- $19.21B
- Movement
- Position-20.19MValue-$1007.8B
Bank of America CorpPosition and value moved
Mar 2026
- Shares
- 972.59K
- % Shares out.
- 0.07%
- Value
- $37.37B
- Movement
- Position+969.5KValue+$37.21B
Crypto Context
Spot bitcoin ETF wrapper
IBIT crypto exposure readout
Latest filing10-Q · May 7, 2026
Assets under management$15.13B10-Q filed May 6, 2026
IBIT's crypto exposure should be read alongside its equity valuation, financing choices, dilution risk, taxes, and operating business.
Editorial Coverage
Peer Comparison
| Ticker | Category | Latest revenue | Filing Risk0-100 | BTC Exposure0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|
| IBITiShares Bitcoin Trust ETF | Spot BTC ETF wrapper | — | 38 | 90 | 100 |
| FBTCFidelity Wise Origin Bitcoin Fund | Spot BTC ETF wrapper | — | 38 | 90 | 100 |
| ARKBARK 21Shares Bitcoin ETF | Spot BTC ETF wrapper | — | 38 | 90 | 100 |
- Filing Risk
- Measures the intensity of SEC filing patterns.
- BTC Exposure
- Measures direct and operating exposure to bitcoin.
- Event Momentum
- Measures recent material disclosure activity.
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.