What is Blackrock's Ibit spot bitcoin ETF?
Could you elaborate on what the Blackrock's Ibit spot bitcoin ETF entails? As a cryptocurrency and finance professional, I'm interested in understanding its mechanics and potential implications for investors. Is it a traditional ETF that tracks the spot price of bitcoin, or does it employ a more unique strategy? How does it differ from other bitcoin-focused investment vehicles? What are the key risks and opportunities associated with investing in such a product? Your insight would be invaluable in helping me assess its suitability for my clients.