The BlackRock Bitcoin ETF (iShares Bitcoin Trust, ticker IBIT) is a spot Bitcoin exchange-traded fund issued by BlackRock and approved by the US SEC in January 2024. It holds bitcoin in qualified custody and tracks the spot price, giving traditional investors regulated, brokerage-accessible exposure to bitcoin without managing keys. As one of the largest and fastest-growing spot Bitcoin ETFs, it is frequently cited as evidence of institutional adoption.
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- Approved alongside other spot ETFs in early 2024, IBIT holds bitcoin via a qualified custodian and creates or redeems shares to track net asset value. Its rapid inflows are widely treated as a milestone in the integration of bitcoin into traditional capital markets.