Options began trading yesterday on IBIT and is already the most popular exchange traded bitcoin product
- IBIT—the iShares Bitcoin ETF—was launched yesterday and already has become one of the most popular exchange-traded bitcoin products.
- It’s designed to provide investors with a clean, dynamic exposure to the daily movement of bitcoin.
- With IBIT trading around $54 per share, this opens the door for strategic choices for small and medium sized accounts.
The iShares Bitcoin Trust ETF (IBIT) is BlackRock’s Bitcoin ETF. It was launched on Jan 5, 2024, and has been gaining popularity and trading activity ever since. The fund has eclipsed 100 million shares traded twice this year already, which puts it in the same boat as the S&P 500 ETF (SPY). IBIT traded about 50 million shares on average over the last 30 days.
The fund holds over $44 billion in assets and is 100% weighted in bitcoin….
