The Rise of IBIT With the increasing demand for cryptocurrency investment, BlackRock's iShares Bitcoin Trust (IBIT) has emerged as a strong competitor to the Grayscale Bitcoin Trust. IBIT is a Bitcoin ETF that allows investors to gain exposure to Bitcoin without having to directly purchase and store the digital asset. This has made it a popular choice among traditional investors who are still skeptical about the volatility of the crypto market. GBTC's Decline Grayscale Bitcoin Trust (GBTC) has long been considered the go-to option for institutional investors looking to invest in Bitcoin. However, recent data suggests that its dominance in the market has decreased significantly. This can be attributed to the growing popularity of IBIT, as well as the emergence of other Bitcoin ETFs such as the Purpose Bitcoin ETF and the Evolve Bitcoin ETF. The Impact on Crypto Market The rise of IBIT and the decline of GBTC have caused a stir in the crypto market. Some experts believe...
Welcome to Daily Crypto Talkies News, your ultimate source for latest and most relevant news, insights, and updates from the world of cryptocurrency. Our blog aims to provide valuable information to crypto enthusiasts for only learning purpose.
Join with us !
Download App Now