Billionaires are jumping into Bitcoin ETFs like the iShares Bitcoin Trust (IBIT).
That includes Israel Englander, who picked up about 10.9 million shares of the ETF. David Shaw’s DE Shaw bought 2.6 million shares. Steven Cohen’s Point72 bought 1.7 million. All of which could be wildly successful investments – especially with calls for Bitcoin to test $200,000.


After that, analysts including Cathie Wood says Bitcoin could run to $1 million by 2030, which could send the IBIT ETF screaming higher. Bernstein analysts say it could hit $1 million by 2033. Even tech heavyweights like Michael Saylor says it could happen.
Again, all of this could benefit the IBIT ETF.
With an expense ratio of 0.25%, the IBIT ETF exposes investors to Bitcoin, while also removing the operational, tax, and custody complexities of holding Bitcoin directly, as noted by iShares.com. While the IBIT ETF is slipping with Bitcoin at the moment, it’s still a solid long-term bet, especially if Bitcoin can eventually reach $200,000.
With the current Bitcoin rally above $100,000, the IBIT ETF recently ran from a September low of about $30 to a recent high of $57.80. Over the long term, we do expect to see the IBIT ETF above $70 a share.
Sincerely,
Ian Cooper
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