What is iShares Bitcoin Trust (Ibit)?
Could you please elaborate on what exactly is the iShares Bitcoin Trust, or commonly known as IBIT? I'm curious to understand its structure, functionality, and how it differs from other cryptocurrencies or investment vehicles. Is it a trust that holds actual bitcoins, or does it have a different mechanism? How does it work in terms of investing and trading? Also, what are the potential risks and rewards associated with investing in IBIT? I'm interested in getting a comprehensive overview of this financial product.
What is BlackRock's iShares Bitcoin Trust?
Could you please enlighten me on what BlackRock's iShares Bitcoin Trust actually is? I've heard whispers about it in the crypto community, but I'm still hazy on the details. Is it an investment vehicle that allows investors to gain exposure to Bitcoin without actually owning it? Or does it offer something else entirely? How does it function within the broader cryptocurrency and finance landscape? I'm particularly interested in understanding its structure, objectives, and any risks associated with investing in it. Could you provide a concise yet comprehensive overview of this trust?