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Benzinga
Benzinga
Business
Chandrima Sanyal

The Bitcoin ETF Boom Is Here — But Is It Built To Last?

Bitcoin ETF IBIT Nasdaq Crypto US Federal Reserve Nvidia Sun
Etf,Btc,-,Bitcoin,Exchange,Traded,Fund,,Stock,Market,Trading

The iShares Bitcoin Trust (NASDAQ:IBIT) is seeing its time in the sun once again. The fund on July 10 set a new 52-week high, an astonishing 125.86% increase from its lows. Bitcoin itself broke above $118,900, reaching an all-time high today.

With tech stocks like NVIDIA Inc. (NASDAQ:NVDA) hot and whispers of rate cuts becoming louder, IBIT’s ride is not another crypto sugar rush; it could be something more profound: the mainstreaming of Bitcoin ETFs as solid portfolio staples.

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