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IShares Bitcoin Trust Registered ( (IBIT) ) has provided an update.
On March 27, 2026, Jay Jacobs, a Managing Director at BlackRock and U.S. Head of Equity ETFs since April 7, 2025, was appointed to the board of iShares Delaware Trust Sponsor LLC and named its President and Chief Executive Officer, placing a seasoned ETF strategist at the helm of the sponsor of the iShares Bitcoin Trust ETF. Jacobs brings extensive experience from BlackRock, Global X ETFs, and the New York Stock Exchange, while on the same date former President and CEO Shannon Ghia resigned from the sponsor and its board, with the company stating her departure did not stem from any disagreement over the trust’s operations or policies.
The leadership change underscores BlackRock’s intention to align the bitcoin trust sponsor more closely with its core ETF expertise and strategic direction, potentially reinforcing product development and client engagement in the fast-growing crypto-related ETF segment. Stakeholders in the iShares Bitcoin Trust ETF may view the appointment as strengthening governance and strategic oversight, given Jacobs’ background in equity and thematic ETFs and the confirmation of an orderly, non-contentious transition from Ghia’s tenure.
More about IShares Bitcoin Trust Registered
iShares Bitcoin Trust ETF is a digital asset investment vehicle sponsored by iShares Delaware Trust Sponsor LLC, an affiliate within the BlackRock group that focuses on exchange-traded fund products. The trust provides investors with exposure to bitcoin through a regulated ETF structure, aligning with BlackRock’s broader strategy in index and thematic exchange-traded funds.
Average Trading Volume: 68,151,086
Current Market Cap: $53.76B
See more data about IBIT stock on TipRanks’ Stock Analysis page.