iShares Bitcoin Trust (Ondo Tokenized) IBITON
Rank #1214 by market capReal-world asset
Real-world asset
A token representing an off-chain asset such as credit, property or reinsurance. Its value depends on the issuer and the underlying, not on crypto markets.
Last 7 days
CM Profile: iShares Bitcoin Trust (Ondo Tokenized)
Cryptominium Profile. What we have established, measured and written about IBITON, and what we have not.
- Established
- 3 contracts are matched to this coin: on BNB Chain, Ethereum and Solana.
- Its kind: real-world asset.
- Measured
- Selling $100,000 of IBITON on Ethereum returned 21.9% less than the quoted price, on 14 November 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
- Not established
- What an on-chain sale would return on BNB Chain. It trades mostly off-chain there, so we do not measure it on-chain.
- One of its chains is not among the 3 we read.
- Whether it can be held without a company. We have no sourced answer yet.
- 6 other questions about what it can do have no written answer. Some may not apply to it.
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold IBITON. How each part is worked out
What changed
Week to 14 November- Price down 13.3% since 7 November.
- Circulating supply down 81.6% in 30 days, as CoinGecko reports it.
- 24-hour volume $1K, down to 0.07× its 30-day median of $19K.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell IBITON
Selling $100,000 of IBITON returned 21.9% less than the quoted price — Severe. Measured 2026-11-14 on Ethereum.
What iShares Bitcoin Trust (Ondo Tokenized) is
IBITon is the Ondo Tokenized version of the iShares Bitcoin Trust ETF (IBIT). It is designed to give tokenholders economic exposure similar to holding IBIT directly and reinvesting any dividends the fund would pay out.
It is issued through Ondo's tokenized-stocks system, which lets non-US retail and institutional users mint and redeem tokenized versions of U.S. stocks and ETFs around the clock, five days a week, with access to the liquidity of the underlying traditional exchange market. The source notes that additional restrictions apply, with further detail directed to Ondo's own site rather than specified here.
IBITon is not a share of the iShares Bitcoin Trust itself; it is a token structured to track that exposure, issued by Ondo rather than BlackRock. It is classified here as a Real World Asset and a tokenized exchange-traded product, and it exists as a token on the Binance Smart Chain, Ethereum, and Solana networks — meaning its availability, custody, and transfer depend on those chains and on whatever smart-contract and bridging arrangements Ondo maintains across them, not on a conventional brokerage account. The source states exposure is "similar to" holding IBIT and reinvesting dividends, which implies holders do not receive cash dividend payouts directly. The description also states explicitly that it is restricted from US users and that "additional restrictions apply" without enumerating them, so eligibility, redemption conditions, and the mechanics of 24/5 minting and redeeming are not fully specified in what's available here.
What iShares Bitcoin Trust (Ondo Tokenized) can do
Selling $100,000 through the pools on Ethereum returned 21.9% less than the quoted price. A smaller sale may lose less. The full measurement →
Our own measurement · measured 14 November 2026
This token stands for an asset that exists off the chain. Its value depends on the issuer and on that asset, and turning it into anything else is on the issuer's terms.
Source: How we label kinds of asset · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where IBITON lives
On Solana, a mint authority can create more of the token and a freeze authority can freeze it in a holder's account; both are read from the token itself, every day. On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
iShares Bitcoin Trust (Ondo Tokenized) data synced 3m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell IBITON.