BlackRock has created an open ended ETF that gives the public exposure to BTC without having to own BTC and the costs associated with that.
Do we expect BlackRock to run the fund for free?
IBIT is an "open ended fund" comprised of shares of BTC and cash. Investors understand they don't own shares of BTC and nobody that buys IBIT expects to own shares of BTC. At least I hope they understand that. $$ come in share count goes up, $$ go out share count goes down that's how open ended funds work. There is no need for reverse or forward splits.
Who is receiving the "transfer of wealth" from IBIT? BlackRock, shareowners, the government? Just curious
Recent IBIT News
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 08:40:01 PM
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- ARK Invest Exits BITO ETF Position, Runes Generates $135 Million in 7-Day Fees, and More Crypto News • IH Market News • 04/26/2024 06:59:18 PM
- Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News • IH Market News • 04/24/2024 05:50:55 PM
- AKT Token Skyrockets on Upbit Listing, IBIT Holds Strong in Top 10 ETFs, and More Crypto News • IH Market News • 04/23/2024 04:34:08 PM
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- BTC and ETH Suffer Sharp Decline on Tuesday; Key Crypto Market Events in April, and More News • IH Market News • 04/02/2024 07:02:46 PM
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