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Direct Dial: +1 212 878-3180
E-mail: clifford.cone@cliffordchance.com
December 18, 2023
VIA EDGAR
Mr. Justin Dobbie, Esq.
Ms. Sonia Bednarowski, Esq.
Office of Crypto Assets
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Re: | iShares® Bitcoin Trust |
| Amendment No. 3 to Registration Statement on Form S-1 |
| File No. 333-272680 |
Dear Mr. Dobbie and Ms. Bednarowski:
On behalf of our client, the iShares Bitcoin Trust (the “Trust”), we transmit for filing under the Securities Act of 1933, as amended, the Trust’s Amendment No. 3 to Registration Statement on Form S-1 (the “Amended Registration Statement”) relating to the initial public offering of the the Trust’s shares representing fractional undivided beneficial interests in its net assets. The Trust is filing the Amended Registration Statement to update the disclosure primarily to reflect the change from in-kind to cash creations and redemptions.
If you have any questions regarding the foregoing, please do not hesitate to call me at (212) 878-3180 or Jason D. Myers at (212) 878-8324.
| Sincerely, | |
| /s/ Clifford R. Cone | |
| Clifford R. Cone |
cc: | Marisa Rolland, BlackRock, Inc. |
| Adithya Attawar, BlackRock, Inc. |
 | CLIFFORD CHANCE US LLP |
Mr. Justin Dobbie, Esq.
Ms. Sonia Bednarowski, Esq.
United States Securities and Exchange Commission
December 18, 2023
Page 2
| Jason D. Myers, Clifford Chance US LLP |
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| Jesse Overall, Clifford Chance US LLP |
| Etherial Edetan, Clifford Chance US LLP |