The best spot Bitcoin ETFs


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Photo: Carlo Allegri (Reuters)

BlackRock, the world’s largest asset manager with $10 trillion in assets under management, is a prominent leader in the exchange-traded fund industry. It launched iShares Bitcoin Trust (NASDAQ: IBIT) in January 2024, which recently saw a record $849 million inflow. Currently, it holds 204,000 Bitcoin, worth around $15 billion at current prices.

The iShares Bitcoin Trust has implemented a fee waiver scheme to reduce the initial investment cost and entice more investors. For the first 12 months of trading or until the fund assets reach $5 billion (whichever comes first), the annual fee will be only 0.12%. Following that period, the fee will increase to 0.25%, which is roughly in line with other competitors.



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