iShares Bitcoin Trust ETF (IBIT)
Company News
Billionaire investors are increasingly investing in Bitcoin through BlackRock's iShares Bitcoin Trust ETF, with experts predicting Bitcoin could reach $1 million, representing an 825% potential increase from its current price.
On CNBC's 'Halftime Report Final Trades', experts discussed Mosaic, iShares Bitcoin Trust, and Financial Select Sector SPDR Fund, highlighting potential investment opportunities in various sectors.
Bitcoin and Ethereum have experienced significant price surges, with Bitcoin reaching new highs above $123,000 and Ethereum rising nearly 50% in a month. Several crypto-related stocks and ETFs are gaining traction, offering investors multiple ways to gain exposure to the cryptocurrency market.
Bitcoin surged to $118,000 during Asian trading hours, rising over 24% this year due to favorable factors like Bitcoin ETF launches and continued institutional entry. Several cryptocurrency and tech companies saw stock price increases as a result.
Wall Street has delivered a moderate performance in the second quarter of 2024.