Why the iShares Bitcoin Trust ETF Rallied 14% in April
Shares of the Bitcoin (CRYPTO: BTC)-focused exchange traded fund iShares Bitcoin Trust ETF (NASDAQ: IBIT) rallied 14.3% in April, according to data from S&P Global Market Intelligence .The IBIT is the most-traded and liquid Bitcoin ETF, and is run by Blackrock (NYSE: BLK), the largest asset manager in the world. IBIT is essentially a way to buy Bitcoin through traditional custodial entities, and its value tends to mirror the price of Bitcoin exactly. Image source: Getty Images.Continue reading
Shares of the Bitcoin (CRYPTO: BTC)-focused exchange traded fund iShares Bitcoin Trust ETF (NASDAQ: IBIT) rallied 14.3% in April, according to data from S&P Global Market Intelligence .
The IBIT is the most-traded and liquid Bitcoin ETF, and is run by Blackrock (NYSE: BLK), the largest asset manager in the world. IBIT is essentially a way to buy Bitcoin through traditional custodial entities, and its value tends to mirror the price of Bitcoin exactly.
Image source: Getty Images.
