Bitcoin to IBIT Calculator
10-Q + DECAY · 07-30
- Source
- iShares basket disclosure anchor + exact fee decay
- As of
- 2026-07-30
- Snapshot refreshed
- 2026-08-19
≤ filed maximum ✓ — a fee-only trust's ratio can only decline between filings.
Convert any amount of Bitcoin to IBIT shares using the live BlackRock BTC-per-share ratio. See how many iShares Bitcoin Trust shares your BTC is worth, what they would cost at the current IBIT price, and how the ratio changes over time.
Quick formula: IBIT shares = BTC amount ÷ BTC-per-share ratio. With the current ratio of ~0.0005662, one Bitcoin ≈ 1,766 IBIT shares.
Current IBIT ↔ BTC Parity
Live market data for reference.
Based on IBIT BTC-per-share ratio, updated daily from fund holdings data.
Options Break-Even Calculator
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Common IBIT Strikes → BTC Prices
Quick reference for standard strikes. Enter premium above for break-even calculation.
| IBIT Strike | BTC for ITM | vs. Current BTC |
|---|---|---|
| $30.00 | $52,985 | — |
| $35.00 | $61,816 | — |
| $40.00 | $70,646 | — |
| $45.00 | $79,477 | — |
| $50.00● Current | $88,308 | — |
| $55.00 | $97,139 | — |
| $60.00 | $105,970 | — |
| $65.00 | $114,800 | — |
| $70.00 | $123,631 | — |
| $75.00 | $132,462 | — |
| $80.00 | $141,293 | — |
How to Convert Bitcoin to IBIT Shares
Step 1: Find the current BTC-per-share ratio (shown live in the calculator above). This ratio represents how much Bitcoin backs each IBIT share.
Step 2: Divide your Bitcoin amount by the ratio. 0.5 BTC ÷ 0.0005662 ≈ 883 shares.
Step 3: Multiply by IBIT's current share price (shown live in the calculator above) to get the USD value — 883 shares × the live price. The product should land close to half of Bitcoin's spot price.
Bitcoin to IBIT Quick Reference
Approximate IBIT share equivalents at the current ratio (~0.0005662 BTC/share):
| Bitcoin | ≈ IBIT Shares | Note |
|---|---|---|
| 0.01 BTC | ~18 | Fractional position |
| 0.1 BTC | ~177 | Small allocation |
| 0.5 BTC | ~883 | Half a Bitcoin |
| 1 BTC | ~1,766 | Full Bitcoin equivalent |
| 2 BTC | ~3,532 | 2× position |
| 5 BTC | ~8,831 | Large allocation |
Based on approximate ratio of 0.0005662. The live calculator above uses the exact current ratio. Shares per BTC increases slowly over time as fees reduce the ratio.
FAQ
How do I convert Bitcoin to IBIT shares?
Divide the amount of Bitcoin by the BTC-per-share ratio. With a ratio of approximately 0.0005662, one Bitcoin equals about 1,766 IBIT shares (1 ÷ 0.0005662 ≈ 1,766). For 0.5 BTC, that's roughly 883 shares.
How many IBIT shares can I buy with 1 Bitcoin?
Approximately 1,766 IBIT shares equal one Bitcoin at the current ratio. This number increases slowly over time as the 0.25% annual expense ratio reduces the Bitcoin backing per share.
What is the formula for converting BTC to IBIT shares?
IBIT shares = BTC amount ÷ BTC-per-share ratio. Example: 0.1 BTC ÷ 0.0005662 ≈ 177 IBIT shares. To find the USD cost, multiply the shares by IBIT's current price.
Why would I buy IBIT instead of Bitcoin directly?
IBIT trades in a standard brokerage account — no crypto wallet, no private keys, no exchange account needed. It's eligible for IRAs, 401(k)s, and other tax-advantaged accounts. The tradeoff is a 0.25% annual fee and no direct Bitcoin ownership.
Does the Bitcoin-to-IBIT conversion ratio change?
Yes. The BTC-per-share ratio decreases slowly each day as BlackRock deducts the 0.25% annual management fee from the fund's Bitcoin holdings. This means the number of IBIT shares per Bitcoin increases over time.
Can I convert Bitcoin to IBIT directly?
No. You cannot deposit Bitcoin and receive IBIT shares — only authorized participants (large financial institutions) can create or redeem IBIT shares through the fund. Retail investors buy IBIT on the stock exchange like any other ETF.
Looking for the reverse direction? Convert IBIT to Bitcoin. Or read our guides: Bitcoin to IBIT shares explained, how many IBIT shares per Bitcoin, how much IBIT for 1 Bitcoin.
This tool is for informational purposes only and does not constitute investment advice. Not affiliated with BlackRock or iShares.