Ice hole wraps configured to be positioned in a floor of an ice shelter are provided, such as an ice hole wrap that includes a first circular end, a second circular end, a cylindrical wall extending between the first and second ends, and a height extending between the first and second circular ends. The wall is foldable between a first configuration in which the cylinder has a first height between the first and second circular ends, and a second configuration in which the cylinder has a second height between the first and second circular ends.