iShares Bitcoin Trust ETF
An exchange-traded fund that lets everyday investors buy bitcoin without holding the cryptocurrency themselves, launched in January 2024 by BlackRock, the world's largest asset manager. The fund's shares trade on a stock exchange under the ticker IBIT, with each share backed by actual bitcoin held in custody by Coinbase. It's part of the iShares family, BlackRock's well-known lineup of index funds, and was among the first batch of spot bitcoin ETFs approved in the US that year.
ISHARES BITCOIN TRUST ETP (IBIT) tracks the spot price of bitcoin