– Stocks / iShares Bitcoin Trust

Stocks iShares Bitcoin Trust - [IBIT]

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iShares Bitcoin Trust is an American exchange-traded fund owned by the financial company Black Rock, Inc. In fact, buying IBIT shares is an indirect investment in Bitcoin.

How to invest in IBIT

If you decide to invest easily and safely in the crypto market - ETFs are great for this. If you already have or plan to open an account for trading shares, this is a great opportunity to buy shares of IBIT or any other fund without opening a separate account. In turn, the Fondexx account allows you to invest in IBIT and almost 2,000 ETF funds and 10,000 shares of the company.

History of the establishment

IBIT is one of 11 newly created exchange funds affiliated with the cryptocurrency market - trading began on January 11, 2024. The prerequisite for its creation was the systematic and steady growth of investors' interest in cryptocurrencies. One of the most important requests for the creation of this fund was the need to provide a reliable and convenient way to invest in cryptocurrencies, which will be regulated by the SEC and eliminate potential problems that arise with direct investments on crypto exchanges. As already mentioned, the fund was created on the initiative of one of the largest investment companies - Black Rock, Inc., thus expanding its sphere of influence in the world of investments.

Rapid development

Preparations for the creation of the fund began well in advance, and the application for the creation of the fund was submitted in June 2023. The publication of IBIT on the market created a significant resonance and in the first two days, almost 8 billion dollars worth of shares were sold. After recording earnings, the price of the share fell as expected, but within a month it returned to the level of the initial price of the publication of the asset.

Investments in IBIT

The creation of the iShares Bitcoin Trust fund and the like can definitely be considered a breath of fresh air for the cryptocurrency market - investors have the opportunity to add BTC (and in the future, other cryptocurrencies). Some analysts say that Black Rock will continue to adhere to the strategy of actively introducing cryptocurrencies to the list of its own assets and opportunities for its own clients, which is expected to lead to growth. Even the recent increase in the price of BTC is associated, in particular, with the announcement of the creation of exchange-traded funds for it.

So, in general, exchange-traded funds for cryptocurrencies can be an interesting asset option for investors who want to expand their own portfolio without the need to open a new account, or for active crypto investors who would like to take advantage of stock market regulations.

Once again, we remind you of the importance of a consistent and systematic approach to the issue of trading and investments. Working in the market involves risks and requires time and perseverance to master at least basic knowledge, so if you have any questions - we invite you to a free consultation on opening an account and trading on the NYSE.

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