# iShares Bitcoin ETP (IB1T) **Page:** https://fundology.uk/fund/ib1t · ISIN XS2940466316 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. 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. ## Summary 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:** Cryptoassets are high-risk and largely unregulated in the UK. Prices can rise and fall very sharply, and you could lose all the money you put in. Latest close: **£5.18** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IB1T | | ISIN | XS2940466316 | | Category | Crypto | | Type | ETN / ETP | | Provider | iShares | | Tracks | CME CF BITCOIN REFERENCE RATE (BRR | | Income | Accumulating | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £1.1bn | | Launched | 2025 | | Domicile | United States | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 18/03/2025 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -32.75% | -35.13% | price only | Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares Bitcoin ETP in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −22.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -22.3% | -24.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 44.52% | -41.08% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: no (crypto ETN). Since 06/04/2026 crypto ETNs cannot be added to a stocks and shares ISA (or a Junior ISA). HMRC rules allow them in an Innovative Finance ISA, where a provider offers one, and in a SIPP. Crypto ETNs bought into a stocks and shares ISA before that date may stay there. - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## 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. ## Fund documents - [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/337088/ishares-bitcoin-etp) - [Key information document (KID)](https://www.ishares.com/gls-download/literature/kiid/uk_priips-ishares-bitcoin-etp-gb-xs2940466316-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ib1t-ishares-bitcoin-etp-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.