IBIT Stock Recent News

On Tuesday, BlackRock debuted its own spot ether ETF, the iShares Ethereum Trust ETF (ETHA). ETHA normally has a net expense ratio of 0.25%.

Some top money managers sold Nvidia stock during the first quarter, while reallocating capital to the iShares Bitcoin Trust. The recent approval of spot Bitcoin ETFs is bringing institutional investors like hedge funds and investment banks to the market.

One week from now, there may be a new sheriff in town for spot crypto ETFs — spot ether ETFs. Per Reuters, the U.S. SEC has given at least three asset managers the green light to begin trading spot ether ETFs next Tuesday, July 23rd.