These days it seems like Bitcoin (BTCUSD) is everywhere. Retail and institutional investors are snapping up coins, investing in companies that hold Bitcoin on their balance sheets, and trading ETFs. It seems the leading cryptocurrency by market capitalization is inescapable, which is both frightening and fascinating. Bitcoin is also incredibly volatile.
The introduction of about a dozen ETFs that track the spot price of Bitcoin back in January 2024 has been a huge catalyst for crypto. The leader of that ETF pack is the one brought to market by Blackrock’s iShares ETF unit, the behemoth of the managed investing world. Its Bitcoin ETF Trust (IBIT) has more than $70 billion in assets under management.
