Performance data is updated to 31 May 2026.
iShares Bitcoin ETF (IBIT) — Review & Analysis
IBIT is iShares' (BlackRock's) spot Bitcoin product on the ASX with AUM of $21.27 million as at May 2026 and a market-leading 0.25% p.a. fee — equal to Monochrome's IBTC and 20bp cheaper than VBTC, EBTC and QBTC. The fund tracks the AUD price of Bitcoin via physical custody, mirroring the structure of BlackRock's flagship iShares Bitcoin Trust on the NYSE (which is among the largest crypto products in the US).
The fee leadership is the central differentiator. Over a 20-year holding period, the 20bp gap between IBIT and the established 0.45% products compounds into roughly 4% in cumulative cost savings — meaningful for long-term holders.
The trade-off today is AUM scale. At $21.27M, IBIT is materially smaller than VBTC's $238.66M, which means wider bid-ask spreads at execution. Many investors find the headline fee saving outweighs the execution cost over a long holding period; short-term traders may find the spread cost outweighs the fee differential.
BlackRock's iShares brand is the most institutionally credible name in the global ETF industry. The ASX-listed IBIT brings that same architecture to local investors with onshore CHESS sponsorship and physical BTC custody. The fund is unhedged. Our best Bitcoin and crypto ETFs in Australia 2026 guide compares all four spot Bitcoin ETFs head-to-head.
Performance (% return)
Investment Focus
Exposure Regions
Portfolio Breakdown
| Symbol | Company Name | % assets |
|---|---|---|
| IBIT | ISHARES BITCOIN TRUST ETF CL1 | 99.99% |
| USD | USD CASH | 0.02% |
| AUD | AUD CASH | -0.01% |
Related Reads
Best Bitcoin & Crypto ETFs Australia 2026: Every Fund on the ASX Compared
Every Bitcoin and crypto ETF on the ASX compared. 11 funds, $679M AUM, fees from 0.25%, BTC vs ETH performance — independent, data-driven.
Crypto ETFs on the ASX: Bitcoin, Ethereum, and Everything In Between
There are now 11 crypto ETFs on the ASX and Cboe Australia, collectively holding $818 million in assets. Three types: six Bitcoin spot ETFs ($580M combined), three Ethereum spot ETFs ($65M), and two crypto equities/blockchain ETFs ($173M). Together they represent the first time Australian retail and SMSF investors can get meaningful crypto exposure without ever touching a crypto exchange.
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| VBTC | VanEck Bitcoin ETF | -38.05% |
| CRYP | Crypto Innovators ETF | +36.79% |
| EBTC | Bitcoin ETF | -37.94% |
| IBTC | Monochrome Bitcoin ETF | -37.95% |
| QBTC | BetaShares Bitcoin Futures ETF | -38.31% |
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Last updated: January 2026
