IBIT Stock Recent News

Downgrading IBIT from buy to hold due to stalled momentum and lack of breakout above May highs, despite strong year-to-date returns. Bitcoin's price action is mixed versus gold and equities, with recent consolidation and divergence from traditional risk assets raising caution. Potential downside support levels are near $98,000, with risk-off catalysts like geopolitical tensions or weak economic data threatening further declines.

Cryptos have been drifting amid macroeconomic uncertainty, an escalating conflict in the Middle East, and a looming U.S. tariff deadline.

The price of Bitcoin (BTC 0.36%) is back over $100,000. But according to many experts, the run is far from over.

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.

Billionaires Ken Griffin and Steven Cohen rank among the 15 most successful hedge fund managers in history as measured by cumulative net gains, and both investors in the first quarter added to their positions in the iShares Bitcoin Trust (IBIT 0.76%), an exchange-traded fund (ETF) issued by BlackRock.

"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: JPMorgan Investment Management head of US Equity Derivatives Hamilton Reiner and BlackRock head of Digital Assets Robert Mitchnick.

I use IBIT, the largest and most liquid spot Bitcoin ETF, for exposure due to its robust options market and trading volume. Despite skepticism about crypto, I employ an option collar strategy on iShares Bitcoin Trust ETF to define downside risk and manage profit potential. Active collar adjustments let me lock in gains and raise my exit price, prioritizing risk management over maximizing upside.

JPMorgan Chase plans to offer financing to clients using spot bitcoin exchange-traded funds (ETFs) such as BlackRock's iShares Bitcoin Trust (IBIT) as collateral, Bloomberg reported Wednesday (June 4). [contact-form-7] The decision applies globally across both retail and institutional segments and reflects the bank's growing acceptance of regulated crypto exposure in mainstream finance.

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.

With nearly $12 trillion in assets under management, BlackRock is one of the world's largest investment firms. As a result of its scale, it has introduced numerous exchange-traded funds (ETFs) to the market.