Abstract: A system includes a top drive including a handling ring assembly including a main body, a main shaft that traverses the main body of the handling ring assembly. an internal blowout preventer (IBOP) valve, wherein the main shaft engages the IBOP valve. a two-piece actuator sleeve assembly including a non-rotating portion and a rotating portion, at least one hydraulic cylinder connected to the main body of the handling ring assembly, wherein the at least one hydraulic cylinder actuates the two-piece actuator sleeve assembly, and left and right hand crank assemblies having left and right wireless encoders connected thereto, wherein the crank assemblies with the wireless encoders are attached to, and are configured to rotate with, the IBOP valve along with the rotating portion of the two-piece actuator sleeve assembly.