In Pre-Market Hours, BlackRock Spot Bitcoin ETF (IBIT) Surges by 25%.

2024/01/12By:

In Thursday’s pre-market hours, the BlackRock spot Bitcoin ETF jumped more than 25% to $27.50 on the Nasdaq.

 

Launching on Nasdaq with a bang, the iShares Bitcoin Trust ETF (IBIT) of largest asset management BlackRock soared about 25% in pre-market hours, after the U.S. Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETF listing and trading. The first day of trading in Bitcoin ETFs is expected to see a huge influx of capital, according to experts.

 



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BlackRock Spot Bitcoin ETF Rises 25%

 

 

In pre-market hours on January 11, BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund was trading at $27.50, a gain of more than 25%. On the approval date, the net asset value (NAV) of the BlackRock spot Bitcoin ETF was $26.12.

 

Following its launch, the BlackRock spot Bitcoin ETF became available to 175,000 Aladdin investors on the iShares website, Nasdaq, and other channels. In addition to waiving a portion of the cost for the first twelve months, BlackRock also announced a reduction to 0.25 percent. Therefore, the charge will amount to 0.12% of the NAV of the first $5 billion worth of assets held by the Trust.

 

“Investors can access bitcoin in a cost-effective and convenient way through IBIT,” said Dominik Rohe, head of Americas iShares ETF and Index Investing unit at BlackRock.

 

Asset managers and financial advisors, among others, are hesitant to invest directly in Bitcoin because to the many challenges and administrative hassles associated with doing so. BlackRock spot Bitcoin ETF aims to alleviate some of these concerns.

 

 

 


 

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Before becoming involved in any kind of trading, make sure you’ve done your homework. Due to the extreme volatility of the cryptocurrency markets, it is crucial to have a well-defined trading strategy and risk management framework in place. To successfully trade crypto on the BTCC market and take advantage of the chances it provides, follow these procedures and keep yourself updated.

 

 



 

 


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Mobile App
  • 1. Download the BTCC App via App Store or Google Play
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1.Is BTCC safe?

Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors. Measures consist of things like a robust verification process, two-factor authentication, etc. It is considered one of the most secure markets to buy and sell cryptocurrencies and other digital assets.

 

 

2.Is it possible for me to invest in BTCC?

Users are encouraged to check if the exchange delivers to their area. Investors in BTCC must be able to deal in US dollars.

 

 

3.Can I Trade BTCC in the U.S?

Yes, US-based investors can begin trading on BTCC and access the thriving crypto asset secondary market to buy, sell, and trade cryptocurrencies.

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What is Ripple? What is Ripple (XRP)? Guide For Dummies

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BTCC Guide-How to Deposit Crypto on BTCC?

What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?

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