Ivan Asen Cove (Bulgarian: залив Иван Асен, ‘Zaliv Ivan Asen’ \'za-liv i-'van a-'sen\) is the 1.16 km wide cove on Osmar Strait indenting for 800 m the southeast coast of Smith Island in the South Shetland Islands, Antarctica, and entered northeast of Ivan Asen Point. Its head is fed by Dragoman Glacier.
The feature takes its name from the adjacent Ivan Asen Point.