bizoo_n
The recent introduction of multiple cryptocurrency ETFs has taken the investor space by storm, and the amount of money going into these funds is not negligible. On July 6th, of 2024, Bitcoin spot ETFs recorded massive net inflows of $143.1m
IBIT: A Bitcoin Alternative, But It Doesn't Change The Narrative
Summary
- Since the introduction of spot cryptocurrency ETFs, inflows into such funds have been very significant.
- I delve deeper into the iShares Bitcoin Trust ETF - a popular spot Bitcoin ETF managed by BlackRock.
- I present the value proposition of investing in the IBIT ETF and also the potential concerns.
- I explain my investment recommendations with respect to the Fund for different types of investors, and maintain a neutral stance with a 'Hold' rating.
I'm Alaric, an enthusiastic investor and investment writer! My main investments include ETFs, U.S.-listed companies, and unit trusts. I particularly enjoy engaging in equity research, and hope that my contributions bring value to the Seeking Alpha platform.
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