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Tech entrepreneur Michael Saylor co-founded MicroStrategy , an enterprise software company now doing business as Strategy, in 1989. However, the billionaire businessman has been laser focused in recent years on something totally different from his original area of expertise.

When it comes to investing in bitcoin, part of the challenge is figuring out when the price has reached its peak — for now. For the first half of July, bitcoin was on somewhat of a hot streak.

When Bitcoin ETFs finally launched in the U.S., many assumed hedge funds and proprietary trading shops would dominate ownership. For a time, they did, using ETFs for basis trades, arbitrage, and short-term positioning.

It's no secret that when investors are considering which ETF to add to their portfolio, expense ratios tend to be a factor. This should not come as a particular surprise.

The iShares Bitcoin Trust NASDAQ: IBIT has become a fixture on many of the market's top watchlists, a remarkable feat for any fund, let alone one launched less than two years ago.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

IBIT is the largest Bitcoin ETF in the market, offering easy access to Bitcoin's upside amid favorable regulatory changes and market optimism. Bitcoin's dominance and recent all-time highs, fueled by supportive GENIUS Act legislation, make IBIT a compelling vehicle for cryptocurrency exposure. IBIT's strong historical performance and low expense ratio add to the appeal of the Bitcoin ETF.

Bitcoin recently staged a textbook breakout, surging past its previous all-time high near $112,000 and reaching new highs above $123,000. While the world's largest cryptocurrency has cooled slightly, it continues to consolidate just above its former resistance, now likely acting as a key support zone.

Small companies are raising billions of dollars to buy bitcoin and other, more obscure cryptocurrencies. What could possibly go wrong?

Nvidia (NVDA 1.75%) shares have advanced 1,080% since January 2023 as demand for artificial intelligence (AI) infrastructure has surged. Nevertheless, the hedge fund billionaires listed below sold Nvidia in the first quarter and bought shares of the iShares Bitcoin Trust (IBIT 0.52%), a BlackRock fund that could soar in the coming years if certain Wall Street experts are correct.