Fundology

ETN / ETP · iShares

IB1T iShares Bitcoin ETP

ISIN XS2940466316London Stock Exchange: IB1TIshares Digital Assets AG

Latest close

LSE

£5.18

on

Ongoing charge
0.15% a year
Fund size
£1.1bn

As of , at least 15 min delayed

At a glance

As of 13/11/2026, IB1T (iShares Bitcoin ETP, ISIN XS2940466316) closed at £5.18 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the year to 13/11/2026 its price changed by −32.8%, or −35.1% after UK CPIH inflation.

Past returns

Change in the fund’s price, after its ongoing charges. Income stays inside this fund, so it is included. Periods to .
1 year to 13/11/2026
−32.8%
−35.1% after inflation

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of iShares Bitcoin ETP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −22.3%.

Calendar-year returns of IB1T, in pounds (price, with income reinvested in the fund), to 13/11/2026
YearReturnAfter inflationReturn shown as a bar
to −22.3%−24.8%

As of , inflation: UK CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record as the returns, in pounds.

Volatility (annualised)

44.5%over 1 year

Annualised from weekly returns. Higher means bumpier.

Largest fall since October 2025
−45.8%
From to
Below its highest weekly close since October 2025
38.2%
High of , latest

In words: Volatility of iShares Bitcoin ETP in pounds, annualised from weekly returns to 13/11/2026: 44.5% over 1 year. Largest fall in the price of iShares Bitcoin ETP since October 2025, in pounds: −45.8% from 31/10/2025 to 05/06/2026. On 13/11/2026 the price of iShares Bitcoin ETP was 38.2% below its highest weekly close since October 2025 (31/10/2025), in pounds.

As of , price, with income reinvested in the fund

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
0.15%
a year
On £10,000
£15
a year, roughly
Over five years
£75
of £10,000, before growth
Among 20 crypto products, share classes counted once
  • 3 charge less
  • 2 the same
  • 14 charge more

Ongoing charge of iShares Bitcoin ETP 0.15% a year. Compared on 14/11/2026, 14 of the 19 other crypto products charge more, 2 the same and 3 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

As of

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

iShares Bitcoin ETP is an exchange-traded product from iShares, launched in 2025.

It tracks the CME CF BITCOIN REFERENCE RATE (BRR.

You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Its ongoing charge is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Crypto: Products that track Bitcoin and other cryptoassets.

Terms:Index fundAccumulating or incomeShare classISIN

Key facts

Ticker
IB1T
ISIN
XS2940466316
Provider
iShares
Tracks
CME CF BITCOIN REFERENCE RATE (BRR
Structure
ETN / ETP
An exchange-traded note or product: a debt security that promises the return of an index. You also rely on the issuer.
Income
Accumulating
Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Ongoing charge
0.15% a year · about £15 on £10,000
Fund size
£1.1bn
Launched
Domicile
United States
UK reporting fund status
Yes — on HMRC’s list of reporting funds (list of )
Reporting fund since . What reporting fund status means
Can usually be held in
SIPP
Check with your platform: each decides which funds it offers.
Stocks and shares ISA
Not eligible (crypto ETN)
Since 06/04/2026. HMRC rules allow crypto ETNs in an Innovative Finance ISA, where a provider offers one, and in a SIPP.
Currency hedged
No
Price currency
Pounds (GBP)
Category
Crypto

Price chart

Closing price
£5.18−29.6% over 1 year · closing price
IB1T closing price: £7.36 on 14/11/2025, £5.18 on 13/11/2026 (−29.6%); low £4.54, high £7.36.

Over the last year, the closing price went from £7.36 on 14/11/2025 to £5.18 on 13/11/2026 (−29.7%). The lowest close shown was £4.54 on 05/06/2026 and the highest £7.36 on 14/11/2025.

One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.

As of , at least 15 min delayed

Five years of prices, and after inflation

56 weekly closes, from 24/10/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

Sign-up takes an email address. There is no card to enter and nothing to pay.

How we work it out:Prices and returnsNAV and price

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.

    With a free account
  • Largest falls and recoveries

    The largest fall since October 2025, in pounds, with how many weeks it took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

Questions people ask

What is the ongoing charge of IB1T?

The ongoing charge of IB1T is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares Bitcoin ETP 0.15% a year. Compared on 14/11/2026, 14 of the 19 other crypto products charge more, 2 the same and 3 less (share classes counted once).

What does IB1T track?

IB1T tracks the CME CF BITCOIN REFERENCE RATE (BRR.

Is IB1T accumulating or distributing?

IB1T is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

What is the ISIN of IB1T?

The ISIN of IB1T is XS2940466316. An ISIN identifies one exact share class of a fund; IB1T is its ticker on the London Stock Exchange.

What were IB1T’s returns in each of the last five years?

Calendar-year returns of IB1T in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −22.3%. Past performance is not a guide to future returns.

How has IB1T done after inflation?

Over the year to 13/11/2026 IB1T’s price changed by −32.8%, or −35.1% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More crypto products, largest first. Size is a fact, not a verdict.

Fund documents and methods

Fund documents
Fund page at iShares · Key information document (KID) · Factsheet (links checked )

Methodology:ReturnsCategoriesAll methods

A machine-readable copy of this page: Markdown.