IBITDefiance Daily Short Digitizing the Economy ETF
The Trust seeks to reflect generally the performance of the price of bitcoin before payment of the Trust’s expenses and liabilities.
By iShares · Launched 2024
0.25%
#1,230 of 5,562 · low cost
$58.1B
#56 of 5,562 · large
-40.1%
2 years
#3,375 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- The Trust seeks to reflect generally the performance of the price of bitcoin before payment of the Trust’s expenses and liabilities.
- Strategy
- The Trust owns bitcoin purchased in exchange for Shares, providing an investment exposure to bitcoin without the complexities of direct ownership. Shares are backed by bitcoin held by the Bitcoin Custodian.
- Inception date
- January 5, 2024
- Fund family
- iShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19