Definition. 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.

Technical. 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. The balance is the sum over a fixed list of addresses.

Notes. For the most accurate balance information and a comprehensive understanding of IBIT's historical evolution, see the official BlackRock IBIT ETF website.