Investing in iShares Bitcoin Trust ETF offers affordable entry point with potential price gains.

From Nasdaq
September 28, 2024 09:07 AM:

The crypto market is set for price gains, with Bitcoin trading at $65,000 per coin. However, iShares Bitcoin Trust ETF offers a more affordable entry point at $37 per unit. Managed by Blackrock and traded on Coinbase Prime, the ETF provides added security and access for institutional and individual investors.

With the potential for Bitcoin prices to skyrocket, the iShares ETF could see gains up to $100,000 per coin, translating to a share price of $570. A split could keep the ETF affordable even if Bitcoin reaches $1,000,000 per coin, making it a more reasonable investment option for many.

Investing in iShares Bitcoin Trust ETF may provide a more manageable entry point into the crypto market, with a potential rise to $60 or $80 per share by 2025. The ETF’s low price per unit and ease of trading make it a suitable addition to long-term investment portfolios looking to diversify into cryptocurrencies.

Read more at NASDAQ: Should You Buy iShares Bitcoin Trust ETF While It’s Less Than $40?