© Reuters.
NEW YORK – BlackRock (NYSE:), Inc., the world's largest asset manager, has announced the launch of iShares Trust (IBIT), which will begin trading on Nasdaq tomorrow. The US Securities and Exchange Commission (SEC) has declared the registration statement for the bitcoin spot ETF effective, marking an important milestone for investors seeking exposure to the cryptocurrency market through a fund. regulated stock exchange listed.
iShares Bitcoin Trust aims to provide a convenient and profitable way for investors to track the price of bitcoin. Dominik Rohe, head of BlackRock's Americas iShares ETF and index investment business, said IBIT addresses some of the challenges and operational burdens that have previously deterred investors from investing directly in bitcoin.
BlackRock's iShares has more than two decades of experience and offers more than 1,300 ETFs worldwide. The company manages assets worth $3.12 trillion as of September 30, 2023 and has facilitated market access to more than 43 million investors worldwide.
The value of the Trust is closely linked to bitcoin acceptance, industry developments and governance changes. You are subject to the extreme volatility inherent in digital asset markets, as well as the risks associated with loss, theft, or compromise of private keys. BlackRock emphasizes that the Trust's security procedures are designed to protect its assets, but there is no guarantee that they will be effective against all potential threats.
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