When did the leadership transition at the iShares Bitcoin Trust Sponsor occur?

The transition occurred effective March 27, 2026. On that date, Jay Jacobs was appointed as President, Chief Executive Officer, and Director of the Sponsor, while Shannon Ghia resigned from the same roles and from the Sponsor’s Board of Directors.

Why did Shannon Ghia resign from the Sponsor of iShares Bitcoin Trust ETF (IBIT)?

Shannon Ghia resigned as Director and as President and Chief Executive Officer of the Sponsor effective March 27, 2026. The filing states her decision was not due to any dispute or disagreement regarding the Trust’s operations, policies, or practices.

What role does the Sponsor play for iShares Bitcoin Trust ETF (IBIT)?

iShares Delaware Trust Sponsor LLC acts as the Sponsor of the iShares Bitcoin Trust ETF, overseeing its management and administration. Leadership changes at the Sponsor affect who is responsible for key decisions related to the Trust’s governance and overall operational oversight.

New leader for iShares Bitcoin Trust ETF (IBIT) as Jay Jacobs becomes CEO

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

iShares Bitcoin Trust ETF reported leadership changes at its sponsor, iShares Delaware Trust Sponsor LLC. On March 27, 2026, Jay Jacobs was appointed to the Sponsor’s Board of Directors and became its President and Chief Executive Officer.

Jacobs is a Managing Director at BlackRock and has served as U.S. Head of Equity ETFs since April 7, 2025, after previously leading Thematics and Active Equity ETFs and holding senior roles at Global X ETFs and the New York Stock Exchange. Also effective March 27, 2026, Shannon Ghia resigned as a Director and as President and Chief Executive Officer of the Sponsor, with the resignation explicitly stated as not resulting from any dispute or disagreement regarding the Trust’s operations, policies, or practices.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Leadership change effective date: March 27, 2026 U.S. Head of Equity ETFs start: April 7, 2025 Joined BlackRock: April 18, 2022 +2 more

5 metrics

Leadership change effective date March 27, 2026 Date Jay Jacobs was appointed and Shannon Ghia resigned

U.S. Head of Equity ETFs start April 7, 2025 Date Jay Jacobs began role at BlackRock

Joined BlackRock April 18, 2022 Date Jay Jacobs joined BlackRock as U.S. Head of Thematics and Active Equity ETFs

Global X ETFs tenure May 2013–March 2022 Period Jay Jacobs worked at Global X ETFs

NYSE tenure July 2011–May 2013 Period Jay Jacobs worked at the New York Stock Exchange

Key Terms

Emerging growth company, Board of Directors, President and Chief Executive Officer, iShares Bitcoin Trust ETF, +1 more

5 terms

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Board of Directors financial

"Jay Jacobs was appointed to the Board of Directors of iShares Delaware Trust Sponsor LLC"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

President and Chief Executive Officer financial

"Mr. Jacobs was appointed as the President and Chief Executive Officer of the Sponsor"

iShares Bitcoin Trust ETF financial

"which is the sponsor of iShares® Bitcoin Trust ETF (the “Trust”)"

An iShares Bitcoin Trust ETF is an exchange-traded fund that gives investors the price exposure of bitcoin through a stock-like product traded on an exchange, so you can buy and sell it like a share instead of holding the cryptocurrency directly. It matters because it simplifies access to bitcoin—handling storage, security and trading in one package—while affecting portfolio risk, liquidity and fees in a way that’s easier to compare with other investments, like buying a packaged version of the asset.

CFA charterholder financial

"He is a CFA charterholder"

A CFA charterholder is a finance professional who has passed a series of rigorous exams and met work‑experience and ethics requirements to earn the Chartered Financial Analyst credential. For investors, that credential acts like a trusted license or “black belt” in investment analysis and portfolio management, signaling tested knowledge, disciplined methods, and a commitment to ethical standards—qualities that help evaluate the credibility of financial advice and research.

Understanding 8-K Material Events →

03/30/2026 - 09:50 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 27, 2026

iShares® Bitcoin Trust ETF

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of

incorporation)

001-41914
(Commission File Number)

93-6461129
(I.R.S. Employer Identification

No.)

c/o iShares Delaware Trust Sponsor LLC
400 Howard Street
San Francisco, California 94105
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (415) 670-2000

Not Applicable
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d‑2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e‑4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Shares	IBIT	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 27, 2026, Jay Jacobs was appointed to the Board of Directors of iShares Delaware Trust Sponsor LLC (the “Sponsor”), which is the sponsor of iShares® Bitcoin Trust ETF (the “Trust”). Mr. Jacobs was appointed by BlackRock Asset Management International Inc., which is the member of the Sponsor. Also on March 27, 2026, Mr. Jacobs was appointed as the President and Chief Executive Officer of the Sponsor.

Mr. Jacobs is a Managing Director of BlackRock, Inc. (“BlackRock”) and has served as the U.S. Head of Equity ETFs at BlackRock since April 7, 2025. In this role, he oversees the overall product strategy, thought leadership, and client engagement for BlackRock’s U.S. index and active equity ETF business. Mr. Jacobs joined BlackRock as U.S. Head of Thematics and Active Equity ETFs on April 18, 2022. From May 2013 to March 2022, he worked at Global X ETFs, where he founded and led the firm’s research and strategy team. Previously, Mr. Jacobs was a business analyst at the New York Stock Exchange from July 2011 to May 2013. Mr. Jacobs earned a BA degree in International Studies from Emory University and an MBA from Columbia Business School. He is a CFA charterholder.

In addition, effective March 27, 2026, Shannon Ghia resigned as a Director of the Sponsor and as President and Chief Executive Officer of the Sponsor. Ms. Ghia’s decision to resign was not the result of any dispute or disagreement with the Sponsor or the Trust on any matter relating to the Trust's operations, policies or practices.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 31, 2026

	iShares® Bitcoin Trust ETF*


	By:	iShares Delaware Trust Sponsor LLC


	By:	/s/ Bryan Bowers
		Name: Bryan Bowers Title: Director and Chief Financial Officer

*	The registrant is a trust. The individual specified above is signing in his capacity as an officer and/or authorized signatory of iShares Delaware Trust Sponsor LLC, the Sponsor of the Trust.

Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did iShares Bitcoin Trust ETF (IBIT) disclose?

The trust disclosed that Jay Jacobs was appointed President, Chief Executive Officer, and Director of iShares Delaware Trust Sponsor LLC. This Sponsor manages the iShares Bitcoin Trust ETF, so the change affects the leadership overseeing the ETF’s operations and strategic direction.

Who is Jay Jacobs and what is his background relevant to IBIT?

Jay Jacobs is a Managing Director at BlackRock and U.S. Head of Equity ETFs. He previously led Thematics and Active Equity ETFs at BlackRock and built the research and strategy team at Global X ETFs, bringing extensive ETF product and strategy experience to the Sponsor of IBIT.

How is BlackRock connected to the new leadership at iShares Bitcoin Trust ETF (IBIT)?

Jay Jacobs, the new President and CEO of the Sponsor, is a Managing Director at BlackRock and U.S. Head of Equity ETFs. BlackRock Asset Management International Inc., a BlackRock affiliate, appointed him as a Director of the Sponsor, reinforcing BlackRock’s oversight of the ETF.

Filing Exhibits & Attachments

4 documents