The daily net value of BlackRock IBIT highly coincides with the daily price changes of Bitcoin during the same period
FT Chinese published an article written by Wu Zhijian, the founder and CEO of Singapore's Wufu Capital, titled "Is Bitcoin Spot ETF Worth Investing In?" The article points out that Bitcoin ETFs allow more investors to easily participate in investing in the bitcoin market. After listing, BlackRock's IBIT daily net value and the daily price changes of bitcoin during the same period highly coincide, confirming that Bitcoin ETFs can indeed closely track fluctuations in bitcoin prices, allowing investors to obtain investment returns (and losses) similar to those of bitcoin. If investors want to include bitcoins in their portfolio, they should proceed gradually and keep their total investment position at a relatively low level to ensure they can withstand fluctuations in bitcoin prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Marcopolo board member cuts stake by R$ 19,194.97 in open-market share sale
Yelp Integrates OpenAI's Conversational Voice Model Into Business Tools
Mentor Walsh and legendary trader Druckenmiller closed-door meeting: US interest rates are too low, dovish stance is absurd, AI may have a profit bubble
Druckenmiller, who was a long-term mentor to former U.S. Treasury Secretary Paul Volcker and Federal Reserve Chairman Alan Greenspan, stated that there is "no longer a need" for the Federal Reserve to cut interest rates. He characterized the recent sustained increase in yields as "a slow, fundamentally driven rise." Regarding AI, he commented: "We are likely in a profit bubble, as this AI craze will eventually come to an end," and revealed that he has reduced his AI-related holdings to 20% of what they were six months ago.
Hawthorn Bancshares director Jonathan “Jon” Holtaway dies at 55
Crypto prices
More
