From Investing.com:

BlackRock, Inc. is set to launch the iShares Bitcoin Trust (IBIT) on Nasdaq, with the U.S. SEC declaring the registration statement for the spot bitcoin ETF effective. The trust aims to provide a cost-effective and convenient way for investors to track the price of bitcoin.

The iShares Bitcoin Trust, backed by BlackRock’s two decades of experience, manages over 1,300 ETFs globally and $3.12 trillion in assets as of September 30, 2023, facilitating market access for over 43 million investors worldwide.

The value of the Trust is closely related to bitcoin’s acceptance, industry developments, and governance changes and is subject to the extreme volatility and risks inherent in digital asset markets. BlackRock emphasizes its security procedures but offers no guarantee against potential threats.

The Trust’s launch marks a significant milestone for investors seeking regulated exposure to the cryptocurrency market.



Read more: BlackRock launches iShares Bitcoin ETF on Nasdaq By Investing.com