SEC Comment Letter 0000000000-24-000277 to iShares Bitcoin Trust ETF (IBIT)
iShares Bitcoin Trust ETF
Date: Jan. 8, 2024 · CIK: 0001980994 · Accession: 0000000000-24-000277
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-272680
Letter
United States securities and exchange commission logo January 8, 2024 Shannon Ghia Chief Executive Officer iShares Bitcoin Trust c/o iShares Delaware Trust Sponsor LLC 400 Howard Street San Francisco, CA 94105 Re:iShares Bitcoin Trust Amendment No. 6 to Registration Statement on Form S-1 Filed January 8, 2024 File No. 333-272680 Dear Shannon Ghia: We have reviewed your amended registration statement and have the following comment. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our January 5, 2024 letter. Amendment No. 6 to Registration Statement on Form S-1 Risk Factors, page 15 1.Please add risk factor disclosure addressing the risks related to your Authorized Participants acting in the same capacity for several competing products.
FirstName LastNameShannon Ghia Comapany NameiShares Bitcoin Trust January 8, 2024 Page 2 FirstName LastName Shannon Ghia iShares Bitcoin Trust January 8, 2024 Page 2 General 2.In order to meet your anticipated timing, please respond to these comments and amend your registration statement no later than 10:00 a.m. (EST) on January 9, 2024. Please contact David Irving at 202-551-3321 or Robert Telewicz at 202-551-3438 if you have questions regarding comments on the financial statements and related matters. Please contact Sonia Bednarowski at 202-551-3666 or Justin Dobbie at 202-551-3469 with any other questions. Sincerely, Division of Corporation Finance Office of Crypto Assets
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United States securities and exchange commission logo
January 8, 2024
Shannon Ghia
Chief Executive Officer
iShares Bitcoin Trust
c/o iShares Delaware Trust Sponsor LLC
400 Howard Street
San Francisco, CA 94105
Re:iShares Bitcoin Trust
Amendment No. 6 to Registration Statement on Form S-1
Filed January 8, 2024
File No. 333-272680
Dear Shannon Ghia:
We have reviewed your amended registration statement and have the following comment.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our January 5, 2024 letter.
Amendment No. 6 to Registration Statement on Form S-1
Risk Factors, page 15
1.Please add risk factor disclosure addressing the risks related to your Authorized
Participants acting in the same capacity for several competing products.
FirstName LastNameShannon Ghia
Comapany NameiShares Bitcoin Trust
January 8, 2024 Page 2
FirstName LastName
Shannon Ghia
iShares Bitcoin Trust
January 8, 2024
Page 2
General
2.In order to meet your anticipated timing, please respond to these comments and amend
your registration statement no later than 10:00 a.m. (EST) on January 9, 2024.
Please contact David Irving at 202-551-3321 or Robert Telewicz at 202-551-3438 if you
have questions regarding comments on the financial statements and related matters. Please
contact Sonia Bednarowski at 202-551-3666 or Justin Dobbie at 202-551-3469 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Crypto Assets