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Could you elaborate on the potential merits and drawbacks of investing in Blackrock's Ibit spot bitcoin ETF? Given the volatile nature of cryptocurrencies, how would you assess the risk-reward ratio of this particular investment? Are there any specific factors that investors should consider before making a decision, such as the fund's management team, track record, or investment strategy? Additionally, how does this ETF compare to other bitcoin-related investment options available in the market? Is it a good fit for long-term investors or more suitable for those seeking short-term gains?
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