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iShares Bitcoin Trust (IBIT)

Upturn stock ratingUpturn stock rating
iShares Bitcoin Trust
$56.92
Delayed price
Today's Top Performer Top performer .Today's Top Picks Today’s top pick
Profit since last BUY54.51%
Strong Buy
upturn advisory
BUY since 55 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

12/12/2024: IBIT (5-star) is a STRONG-BUY. BUY since 55 days. Profits (54.51%). Updated daily EoD!

Analysis of Past Performance​

Type: ETF
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 32.19%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 37
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
ETF Returns Performance Upturn Returns Performance 5
Last Close 12/12/2024
Type: ETF
Today’s Advisory: Strong Buy
Historic Profit: 32.19%
Avg. Invested days: 37
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
ETF Returns Performance Upturn Returns Performance 5
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/12/2024
Upturn Advisory Performance Upturn Advisory Performance3

Key Highlights

Volume (30-day avg) 60680916
Beta -
52 Weeks Range 22.02 - 59.16
Updated Date 12/12/2024
52 Weeks Range 22.02 - 59.16
Updated Date 12/12/2024

AI Summarization

iShares Bitcoin Trust (BITO) Summary

Profile: iShares Bitcoin Trust (BITO) is an exchange-traded fund (ETF) that provides investors with exposure to Bitcoin. The ETF tracks the performance of the Bitcoin Index, which is a digital asset benchmark that reflects the price of one Bitcoin. BITO's primary focus is the cryptocurrency market, and its investment strategy involves holding Bitcoin in cold storage.

Objective: The primary investment goal of BITO is to provide investors with a convenient and efficient way to gain exposure to Bitcoin. The ETF aims to track the price of Bitcoin as closely as possible, net of expenses.

Issuer: BlackRock is the issuer of BITO. BlackRock is a global investment management company with a strong reputation and track record in the market.

  • Reputation and Reliability: BlackRock is a renowned and reputable financial institution with over $10 trillion in assets under management. It is known for its strong track record of performance and adherence to ethical and legal standards.
  • Management: iShares, a subsidiary of BlackRock, manages BITO. The iShares team comprises experienced professionals with deep expertise in the ETF market and a commitment to delivering high-quality investment products.

Market Share: iShares Bitcoin Trust is the largest Bitcoin ETF in the United States, with a market share of approximately 80%.

Total Net Assets: As of November 11, 2023, BITO had approximately $13.5 billion in total net assets.

Moat: iShares Bitcoin Trust enjoys several competitive advantages:

  • First-mover advantage: BITO was the first publicly traded Bitcoin ETF approved by the SEC, giving it an edge in investor awareness and market share.
  • Sponsorship by BlackRock: The ETF's association with a well-established and trusted investment manager like BlackRock provides investors with confidence and stability.
  • Liquidity: Being the largest Bitcoin ETF, BITO boasts high liquidity, making it easier for investors to buy and sell shares.

Financial Performance: Since its launch in October 2021, BITO's performance has closely mirrored the price of Bitcoin, with high volatility. The ETF's price has been highly influenced by market sentiment and regulatory changes related to cryptocurrency.

Benchmark Comparison: BITO's performance has generally tracked the price of Bitcoin, as reflected in the Bitcoin Index. However, the ETF's expense ratio results in slightly lower returns compared to direct Bitcoin investment.

Growth Trajectory: The growth trajectory of BITO is closely tied to the future of the cryptocurrency market. Increasing adoption of Bitcoin and growing institutional interest could drive further growth, while regulatory uncertainty and volatility pose potential challenges.

Liquidity: BITO enjoys high liquidity with an average daily trading volume exceeding $1 billion. This makes it easy for investors to buy and sell shares at any point during the trading day.

Bid-Ask Spread: The current bid-ask spread for BITO is around 0.1%, indicating a low cost of trading the ETF.

Market Dynamics: The cryptocurrency market is highly volatile and subject to various factors, including:

  • Macroeconomic conditions: Interest rate changes and inflation can impact investor sentiment towards Bitcoin.
  • Regulatory landscape: Evolving regulations around cryptocurrency could affect the overall market environment.
  • Technological advancements: Developments in blockchain technology and competition from other digital assets can impact Bitcoin's value.

Competitors:

  • Grayscale Bitcoin Trust (GBTC): Market share of approximately 15%.
  • VanEck Bitcoin Trust (XBTF): Market share of approximately 5%.

Expense Ratio: The expense ratio of BITO is 0.95% per year.

Investment approach and strategy: BITO follows a passive investment approach, aiming to track the performance of the Bitcoin Index by directly holding Bitcoin. The ETF's assets are predominantly held in a combination of physically settled Bitcoin held in cold storage and Bitcoin futures contracts.

Key Points:

  • First publicly traded Bitcoin ETF in the US
  • High liquidity and trading volume
  • Management by renowned investment manager BlackRock
  • Direct exposure to Bitcoin price movements
  • Subject to high volatility and market risks

Risks:

  • Volatility: Bitcoin exhibits high price volatility due to its demand dynamics and market sentiment changes.
  • Market risk: BITO's price is directly linked to Bitcoin, which is a nascent asset class with a higher risk profile compared to traditional investments.
  • Regulatory risk: Evolving cryptocurrency regulations could impact the ETF's viability and market accessibility.

Who Should Consider Investing: BITO is suitable for investors:

  • Seeking exposure to the potential growth of Bitcoin
  • Comfortable with high volatility
  • Willing to accept the inherent risks associated with cryptocurrency
  • Having a long-term investment horizon

Fundamental Rating Based on AI: (8/10)

  • Strengths: First-mover advantage, strong brand recognition, high liquidity, and experienced management.
  • Weaknesses: High volatility, market risk, and sensitivity to regulatory changes.
  • Overall: BITO offers a convenient and transparent way to invest in Bitcoin, but its volatility and risk profile make it more suitable for certain investor types.

Resources and Disclaimers: This summary is for informational purposes only. It is crucial for individuals to conduct their research and due diligence before making investment decisions. Information included in this analysis was gathered from the following sources:

Disclaimer: This information is not financial advice. It is recommended that individuals consult with a qualified financial professional before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About iShares Bitcoin Trust

The shares are intended to constitute a simple means of making an investment similar to an investment in bitcoin rather than by acquiring, holding and trading bitcoin directly on a peer-to-peer or other basis or via a digital asset exchange.

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