iShares Bitcoin Trust (Ondo Tokenized)

IBITON Price

iShares Bitcoin Trust (Ondo Tokenized) (IBITon)

About iShares Bitcoin Trust (Ondo Tokenized) (IBITon)

iShares Bitcoin Trust (Ondo Tokenized) is a tokenized asset issued by Ondo Global Markets that provides non-US investors with on-chain economic exposure to the iShares Bitcoin Trust ETF (IBIT).

• The token enables 24/7 instant minting and redemption for eligible retail and institutional users outside the United States.
• Holders receive economic benefits equivalent to the underlying ETF, including the value of reinvested dividends after applicable tax withholdings.
• IBITon operates across multiple blockchain networks, including Ethereum, Solana, and BNB Chain, to facilitate decentralized access to traditional exchange liquidity.

What Is iShares Bitcoin Trust (Ondo Tokenized)

IBITon is a digital representation of the iShares Bitcoin Trust, a prominent exchange-traded fund that tracks the price of Bitcoin. The project aims to bridge the gap between traditional finance and decentralized ecosystems by allowing users to hold and trade ETF exposure directly on the blockchain. Value moves through the system by linking the token's price to the net asset value of the underlying IBIT shares held by the issuer's brokerage partners. As the ecosystem grows, the token scales by allowing more users to access institutional-grade Bitcoin exposure without needing a traditional brokerage account, provided they meet eligibility requirements.

What Makes iShares Bitcoin Trust (Ondo Tokenized) Unique

• Round-the-clock liquidity: Unlike traditional ETFs that trade only during exchange hours, IBITon can be minted or redeemed 24/7 via the Ondo platform.
• Cross-chain accessibility: The token is available on Ethereum, Solana, and BNB Chain, providing flexibility for users across different decentralized finance environments.
• Institutional-grade backing: The underlying asset is managed by BlackRock, one of the world's largest asset managers, providing a layer of traditional financial security to the on-chain product.

What Can You Use iShares Bitcoin Trust (Ondo Tokenized) for?

• Direct Bitcoin ETF Exposure: Users can gain price exposure to Bitcoin through a regulated ETF structure while maintaining their assets in a digital wallet.
• DeFi Integration: As a Real World Assets (RWA) token, IBITon can potentially be used as collateral in lending protocols or as a pair in decentralized exchanges, subject to platform support.
• Global Portfolio Diversification: Non-US investors can include US-listed tokenized exchange-traded funds (ETFs) exposure in their on-chain portfolios without the geographic or technical barriers of traditional finance.

How Does iShares Bitcoin Trust (Ondo Tokenized) Work?

IBITon works through a legal and technical framework where Ondo Global Markets (BVI) Limited issues tokens backed by shares of the iShares Bitcoin Trust. When a user mints IBITon, the issuer purchases the equivalent amount of the underlying ETF through a regulated broker-dealer. The tokens are issued as smart contracts on networks like Ethereum (Layer 1) or scaling solutions, where they function as application utility tokens within the Ondo ecosystem. Users pay protocol service fees for minting and redemption, which help cover the costs of managing the underlying securities and maintaining the on-chain infrastructure.

Team Info and Investors

The project is part of the Ondo Finance ecosystem, which was founded by former members of Goldman Sachs' digital assets team. Ondo Finance has secured significant backing from major venture capital firms, including Founders Fund, Pantera Capital, Coinbase Ventures, and Tiger Global. Governance and issuance for IBITon specifically are managed by Ondo Global Markets (BVI) Limited, ensuring compliance with international regulatory standards for tokenized securities.

Where can you buy iShares Bitcoin Trust (Ondo Tokenized)?

IBITON tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade iShares Bitcoin Trust (Ondo Tokenized) is Ondo Stocks, where the most active trading pair IBITON/USDON has a trading volume of $10.18 in the last 24 hours.

What is the daily trading volume of iShares Bitcoin Trust (Ondo Tokenized) (IBITON)?

The trading volume of iShares Bitcoin Trust (Ondo Tokenized) (IBITON) is $10.18 in the last 24 hours, representing a -66.60% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for iShares Bitcoin Trust (Ondo Tokenized) (IBITON)?

iShares Bitcoin Trust (Ondo Tokenized) (IBITON) reached an all-time high of $52.62 and an all-time low of $32.63. It’s now trading -8.50% below that peak and 47.50% above its lowest price.

What is the market cap of iShares Bitcoin Trust (Ondo Tokenized) (IBITON)?

Market capitalization of iShares Bitcoin Trust (Ondo Tokenized) (IBITON) is $28,859,397 and is ranked #739 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IBITON tokens (600 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Bitcoin Trust (Ondo Tokenized) (IBITON)?

The fully diluted valuation (FDV) of iShares Bitcoin Trust (Ondo Tokenized) (IBITON) is $28,859,397. This is a statistical representation of the maximum market cap, assuming total number of 600 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Bitcoin Trust (Ondo Tokenized) compare against its peers?

With a price decline of -1.80% in the last 7 days, iShares Bitcoin Trust (Ondo Tokenized) (IBITON) is underperforming the global cryptocurrency market which is up 3.20%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 9.10%.

How to add iShares Bitcoin Trust (Ondo Tokenized) (IBITON) to MetaMask?

Adding iShares Bitcoin Trust (Ondo Tokenized) (IBITON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import IBITON as a token. You can copy IBITON’s contract address (0x122940c4c5f9ccfae7fa86455a42d3ec140855ce) and import it manually, or if you've installed MetaMask's chrome extension, add IBITON to MetaMask with one click on CoinGecko.

Add IBITON to MetaMask.