Correspondence 0001437749-23-034774 from iShares Bitcoin Trust ETF (IBIT)
iShares Bitcoin Trust ETF
Date: Dec. 18, 2023 · CIK: 0001980994 · Accession: 0001437749-23-034774
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-272680
Letter
VIA EDGAR Office of Crypto Assets United States Securities and Exchange Commission Division of Corporation Finance Re: iShares® Bitcoin Trust Amendment No. 3 to Registration Statement on Form S-1 File No. 333-272680
Dear Mr. Dobbie and Ms. Bednarowski:
On behalf of our client, the iShares Bitcoin Trust (the “Trust”), we transmit for filing under the Securities Act of 1933, as amended, the Trust’s Amendment No. 3 to Registration Statement on Form S-1 (the “Amended Registration Statement”) relating to the initial public offering of the the Trust’s shares representing fractional undivided beneficial interests in its net assets. The Trust is filing the Amended Registration Statement to update the disclosure primarily to reflect the change from in-kind to cash creations and redemptions.
If you have any questions regarding the foregoing, please do not hesitate to call me at (212) 878-3180 or Jason D. Myers at (212) 878-8324.
Sincerely,
/s/ Clifford R. Cone
Show Raw Text
CORRESP 1 filename1.htm bit20231218_corresp.htm CLIFFORD CHANCE US LLP 31 WEST 52ND STREET NEW YORK, NY 10019-6131 TEL +1 212 878 8000 FAX +1 212 878 8375 www.cliffordchance.com Direct Dial: +1 212 878-3180 E-mail: clifford.cone@cliffordchance.com December 18, 2023 VIA EDGAR Mr. Justin Dobbie, Esq. Ms. Sonia Bednarowski, Esq. Office of Crypto Assets United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Re: iShares® Bitcoin Trust Amendment No. 3 to Registration Statement on Form S-1 File No. 333-272680 Dear Mr. Dobbie and Ms. Bednarowski: On behalf of our client, the iShares Bitcoin Trust (the “Trust”), we transmit for filing under the Securities Act of 1933, as amended, the Trust’s Amendment No. 3 to Registration Statement on Form S-1 (the “Amended Registration Statement”) relating to the initial public offering of the the Trust’s shares representing fractional undivided beneficial interests in its net assets. The Trust is filing the Amended Registration Statement to update the disclosure primarily to reflect the change from in-kind to cash creations and redemptions. If you have any questions regarding the foregoing, please do not hesitate to call me at (212) 878-3180 or Jason D. Myers at (212) 878-8324. Sincerely, /s/ Clifford R. Cone Clifford R. Cone cc: Marisa Rolland, BlackRock, Inc. Adithya Attawar, BlackRock, Inc. CLIFFORD CHANCE US LLP Mr. Justin Dobbie, Esq. Ms. Sonia Bednarowski, Esq. United States Securities and Exchange Commission December 18, 2023 Page 2 Jason D. Myers, Clifford Chance US LLP Tae Ho Cho, Clifford Chance US LLP Jesse Overall, Clifford Chance US LLP Etherial Edetan, Clifford Chance US LLP