The IBIT Balance metric is designed to dynamically track the estimated Bitcoin balances associated with the BlackRock Bitcoin ETF (IBIT) through on-chain data and Glassnode’s clustering heuristics. It’s important to note that, due to the inherent characteristics of on-chain analysis, this metric may not always precisely align with the officially reported numbers from the ETF issuer shown on the US Bitcoin Spot ETF Balances metric.

Disclaimer: For the most accurate balance information and a comprehensive understanding of IBIT’s historical evolution, we recommend exploring the official BlackRock IBIT ETF website (https://www.ishares.com/us/products/333011/ishares-bitcoin-trust).