How Much IBIT Do You Need for 1 Bitcoin?
Quick-reference tables showing IBIT share equivalents for common Bitcoin amounts — from 0.01 BTC to 10 BTC.
The Short Answer
As of February 2026, approximately 1,761 IBIT shares equal one Bitcoin. At IBIT's current price of roughly $58 per share, that's about $102,000 — which should closely match Bitcoin's price, since IBIT tracks it.
The exact number depends on the BTC-per-share ratio, which changes daily. Use the live calculator for the exact current value.
Bitcoin to IBIT Shares Table
Based on the approximate ratio of 0.000568 BTC per share and an IBIT price of ~$58:
| Bitcoin Amount | ≈ IBIT Shares | ≈ USD Cost | Context |
|---|---|---|---|
| 0.01 BTC | ~18 | $1.0k | Micro position |
| 0.05 BTC | ~88 | $5.1k | Micro position |
| 0.1 BTC | ~176 | $10.2k | Small allocation |
| 0.25 BTC | ~440 | $25.5k | Quarter Bitcoin |
| 0.5 BTC | ~880 | $51.0k | Half a Bitcoin |
| 1 BTC | ~1,761 | $102k | Full Bitcoin equivalent |
| 2 BTC | ~3,521 | $204k | 2× position |
| 5 BTC | ~8,803 | $511k | Significant holding |
| 10 BTC | ~17,606 | $1021k | Whale territory |
Approximate values based on ratio of 0.000568 and IBIT price of ~$58. The live calculator uses exact current data. Shares-per-BTC increases slowly over time as fees reduce the ratio.
Why Isn't It 1 Share = 1 Bitcoin?
When BlackRock launched IBIT in January 2024, they set the initial share price at roughly $25 — far below Bitcoin's price of ~$46,000. This made IBIT accessible to retail investors without requiring fractional share support. The resulting ratio of approximately 0.000568 BTC per share means each share represents a tiny fraction of one Bitcoin.
Different ETFs chose different initial price points, which is why each fund has a different BTC-per-share ratio. FBTC launched at a higher price point (ratio ~0.00086), while ARKB launched lower (~0.000328). The underlying Bitcoin exposure is the same — only the share denomination differs.
The Cost of Waiting: Fee Drag Over Time
Because IBIT charges 0.25% annually, the number of shares needed for one Bitcoin increases slightly each year. In January 2024, it took roughly 1,753 shares. By February 2026, it takes about 1,761. In ten years, it will take even more. This is fee drag in action.
For long-term holders, this means your IBIT position slowly represents less Bitcoin over time, even if you never sell a share. The 0.25% fee is low compared to most ETFs, but it compounds.