Blackrock’s bitcoin ETF is one of several exchange-traded crypto funds that launched last January in the United States. Their goal is to make bitcoin more accessible to investors.

Blackrock always stronger. “iShares Bitcoin Trust” (IBIT for Bitcoin), the bitcoin ETF fund from Blackrock, the global leader in asset management with more than $10 trillion in assets under management, has become the largest exchange-traded fund in the world. world devoted to the queen of cryptocurrencies. It now has nearly $20 billion in bitcoin assets under management as of May 29.

Blackrock’s ETF is one of 11 spot bitcoin ETFs authorized on January 11 in the United States, making bitcoin more accessible to retail and professional investors. An ETF (or Exchange Traded Funds) is an index fund trading on a stock exchange which follows the evolution of a stock index (or one or more financial or physical assets, such as gold) by replicating the increase as well as the drop in the price of this index (or these assets).

The launch of these bitcoin ETFs after their authorization by the SEC (the American stock market watchdog) quickly caused the price of bitcoin to rise, which had reached its record, at 73,794 dollars (68,215 euros), last March.

Making investment in bitcoin accessible

On its website, Blackrock touts its “iShares Bitcoin Trust”: “BlackRock’s iShares Bitcoin Trust (IBIT) lets you invest directly in bitcoin conveniently, profitably and securely, with the familiarity of an ETF.” “We remain focused on educating investors and providing convenient and transparent access to bitcoin,” says Blackrock. Note that the group has adopted an aggressive pricing policy with management fees of only 0.12% (for 12 months and up to $5 billion in assets, before these fees increase to 0.25%). .

The arrival of spot bitcoin ETFs represents a hope of seeing new investors flock to bitcoin and more broadly to cryptocurrencies. In addition to Blackrock, other managers such as Grayscale or Fidelity Investments also offer bitcoin ETFs. Last week, the SEC made the decision to authorize ETFs for ether, the second largest cryptocurrency by total capitalization.


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