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Leading the way has been the iShares Bitcoin Trust (NASDAQ: IBIT), which has more than $40 billion in assets under management. It's now up almost 100% for the year. And that might just be the start.
BlackRock's iShares Bitcoin Trust quickly became the most popular product on the market. After months and months of strong capital inflows, as of this writing, it holds $59 billion worth of Bitcoin.
Image source: Getty Images. 1. iShares Bitcoin Trust. The iShares Bitcoin Trust (NASDAQ: IBIT) was one of the first Bitcoin ETFs to launch last year, and it has quickly become one of the most ...
The iShares Bitcoin Trust holds only a single asset: Bitcoin. Unlike traditional ETFs , which typically hold a diversified basket of stocks, this ETF makes no attempt to diversify away from Bitcoin.
The spot bitcoin ETF filing and 10 others were approved on January 10, 2024. [58] [59] On January 19, 2024, the iShares Bitcoin Trust ETF (IBIT) was the first spot bitcoin ETF to reach $1 billion in volume. [60] In July 2023, the company appointed Amin H. Nasser to its board. [61]
But don't fear -- Wall Street has come to the rescue with an exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (NASDAQ: IBIT), as a quick and easy way to gain exposure to the ...
Fund (ticker) Total assets. 3-month performance. Expense ratio. IShares Bitcoin Trust (IBIT) $52.1 billion. 57.61%. 0.12%. Grayscale Bitcoin Trust (GBTC) $19.3 billion
The iShares Bitcoin Trust from BlackRock was created with one primary investment goal in mind: To track the price of Bitcoin. Unlike other ETFs, which typically hold a diversified basket of assets ...