iShares Bitcoin Trust ETF (IBIT)

[Cosa]

Opened a position here today. Looking to add on any dips.

[trunkmonk]

IBIT at 23.677, going down even as they accumulate coin. For now anyhow

[StockRoomBully]

Gold Reserve Act of 1934
by G Richardson · Cited by 25 — Signed by President Franklin D. Roosevelt

Blackrock stripping miners to the bones
11500 btc in two days. Halving+demand = ETF substantial gains


This time Bitcoin Reserve Act 2024
Same happening all over again

"Rationale. The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsening the depression as the US was then using the gold standard for its currency."


Notes:

"Historical data from the launch of the first gold ETF in the US in November 2004 provides insights into a potential Bitcoin ETF's impact. Gold's price steadily increased from $375 in May to $442 on the ETF launch day, reaching $454 shortly after due to substantial inflows."

"inflows
a large amount of money, people, or water, that moves or is transferred into a place."

"$1.4B Inflows Into Spot Bitcoin ETF After First Two Trading Sessions"

[$Green$]

Miners stocks got crushed. I just bought some MARA

[novicetrader]

as per the Prospectus there are 400,000 O/S shares. Is it really that small an O/S ?

On October 27, 2023, the Seed Capital Investor, an affiliate of the Sponsor, subject to conditions, purchased the Seed Shares, comprising 4,000 Shares at a per-Share price of $25.00. Delivery of the Seed Shares was made on October 27, 2023. Total proceeds to the Trust from the sale of the Seed Shares were $100,000. On January 5, 2024, the Seed Shares were redeemed for cash and the Seed Capital Investor purchased the Seed Creation Baskets, comprising of 400,000 Shares at a per-Share price of $25.00. Total proceeds to the Trust from the sale of the Seed Creation Baskets were $10,000,000. On January 5, 2024, the Trust purchased 227.90250 bitcoin with the proceeds of the Seed Creation Baskets using the Prime Execution Agent. As of the date of this prospectus, these 400,000 Shares represent all of the outstanding Shares.

[trunkmonk]

IBIT starting the day at 26.3999

[weedtrader420]

IBIT Should not be moving down because bitcoin is down a little bit. you cannot be $26 and be the bookie for BITCOIN

[weedtrader420]

IBIT💫 $100 TARGET PRICE

[trunkmonk]

26.81 right now. A pump it was. A guy once said, in the markets,” u have to think like a criminal”, which is basically the mind of Wall Street, in order to beat the street.

[$Green$]

More than doubled the money on this whole Bitcoin ETF pump yayyyy

[$Green$]

Nice I locked in all my gains today

[trunkmonk]

Up 30% so far. Real gains are in ETFs until they implode.

[TheFinalCD]

$IBIT $28 low volume

[$Green$]

Finally it’s time to dump all my bitcoins yay

[ANTI-BAGHOLDER]

Pretty awesome

[trunkmonk]

Started at 21.93, let’s trade…..The formula is complete. Milken\Saylor = pyrite\bitcoin