IBIT | the Bitcoin Trust ETF | iShares – BlackRock (2024)

FAQs

Who owns IBIT ETF? ›

Institutional Ownership and Shareholders

Largest shareholders include Millennium Management Llc, Capula Management Ltd, Goldman Sachs Group Inc, Jane Street Group, Llc, Aristeia Capital Llc, Morgan Stanley, Avenir Tech Ltd, Schonfeld Strategic Advisors LLC, Sculptor Capital LP, and State Of Wisconsin Investment Board .

IBIT enables investors to access bitcoin through the convenience of an exchange-traded product, helping remove the operational, tax, and custody complexities of holding bitcoin directly.

IBIT is the largest Bitcoin by ETF from the largest ETF provider. It is about as safe as you can get in this space, but still has some additional risks compared to stock and equity ETFs due to the necessity to store its large holdings in Bitcoin with a custodian.

BlackRock's IBIT is a spot bitcoin ETF that allows users to gain exposure to bitcoin's price movements without owning the cryptocurrency itself. A spot bitcoin ETF holds actual bitcoin as its underlying asset, providing a regulated way for users to participate in bitcoin's price movements.

iSHARES BITCOIN TRUST ETF (IBIT) Introducing IBIT, which gives investors access to bitcoin through the convenience and familiarity of an exchange traded product.

The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -7.61% during the next 3 months and, with a 90% probability hold a price between $26.94 and $32.91 at the end of this 3-month period.

1. Access: IBIT enables investors to access bitcoin through the convenience of an exchange-traded product, helping remove the operational, tax, and custody complexities of holding bitcoin directly.

Investors in IBIT do not own the underlying Bitcoin. Instead, they hold shares in a fund that tracks Bitcoin's price. This lack of direct ownership means investors cannot exercise control over their Bitcoin holdings, such as transferring them to a personal wallet for self-custody (Cryptopotato.com).

How Much Bitcoin Does BlackRock Own? The Blackrock's iShares Bitcoin Trust (IBIT) currently holds 357,277.1 BTC as of September 11, 2024.

The IBIT ETF and other spot Bitcoin ETFs make it easier to get direct Bitcoin exposure using a brokerage account. However, like Bitcoin, the IBIT ETF isn't appropriate for everyone. Only invest if you're comfortable with dramatic price swings and you're willing to hold the fund for the long term.

How high will IBIT stock go? ›

iShares Bitcoin Trust ETF Coin Price Prediction 2024-2030

We predict a year-end price of $56.23. We anticipate $IBIT could skyrocket to $101.34 by the end of 2025 as Bitcoin surges to $200,000. By 2030, we expect $IBIT could be priced at $324.75.

IBIT seeks to track the New York Variant of the CME CF Bitcoin Reference Rate, a reference for the price of Bitcoin.

IBIt was officially launched on January 10, 2024 by the world's largest asset manager and ETF provider BlackRock.

Analysts expect adjusted earnings to reach $41.605 per share for the current fiscal year. BlackRock Inc currently has a 2.3% dividend yield. There is a neutral fundamental outlook for the investment management and fund operators' sub-industry. The long-term outlook is relatively healthy due to aging populations.

Largest shareholders include Jane Street Group, Llc, Susquehanna International Group, Llp, Susquehanna International Group, Llp, Citadel Advisors Llc, Acorns Advisers, LLC, Citadel Advisors Llc, Exchange Traded Concepts, Llc, Citadel Advisors Llc, Sylebra Capital Llc, and Ambassador Advisors, LLC .

There is no transfer of ownership because investors buy a share of the fund, which owns the shares of the underlying companies. Unlike mutual funds, ETF share prices are determined throughout the day. A mutual fund trades only once a day after market close.

1. Access: IBIT enables investors to access bitcoin through the convenience of an exchange-traded product, helping remove the operational, tax, and custody complexities of holding bitcoin directly.

Its main offices are in Miami and New York. It provides services in various areas, including asset management. BTG Pactual US is owned by Banco BTG Pactual S.A., the Largest Investment Bank in Latin America, and has achieved the milestone of over R$1tr1 in assets under management.