Spot bitcoin ETFs settled into a two-horse race almost immediately after the January 2024 SEC approval, and the top two contenders are iShares Bitcoin Trust ETF (NASDAQ:IBIT) and Fidelity Wise Origin Bitcoin Fund (NYSEARCA:FBTC).
There is no free lunch in options. If you want downside protection, you either pay for it directly or sacrifice some upside potential to finance it.
As of June 9, 2026, after the market close, Bitcoin is down 29.3% year-to-date and trading at approximately $61,798 per coin.
There are a lot of different ways to make money from Bitcoin. Some traders attempt to profit from every up and down move, often using leverage.
The iShares Bitcoin Trust ETF (NASDAQ:IBIT | IBIT Price Prediction) trades around $42 today, down roughly 30% over the past year as Bitcoin itself has fallen from above $108,000 last May to about $75,800.
The iShares Bitcoin Trust ETF (NASDAQ:IBIT | IBIT Price Prediction) and the Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG) offer fundamentally different exposures.
According to FactSet data, 42.3% of ETFs are less than three years old. This means nearly half the ETF universe is technically too young to earn a Morningstar rating or appear in many traditional advisor screening systems.
Last time, Strategy bought $3.5 billion in bitcoin in two weeks.
Bitcoin spot ETFs are having their strongest stretch of 2026.
I downgrade iShares Bitcoin Trust ETF from Buy to Hold after a strong rally and outperformance versus peers. IBIT has outpaced Coinbase and MicroStrategy but remains volatile and exposed to Bitcoin's unpredictable direction. Risks include quantum computing threats, potential government restrictions, and competition from new Bitcoin ETFs, though IBIT's 0.25% fee and scale remain advantages.
Franklin Templeton has agreed to buy a small crypto investment firm called 250 Digital, which will join its newly established unit Franklin Crypto. The deal is expected to close in the second quarter and will be paid in part using BENJI tokens, which represent its blockchain-based mutual fund, the Franklin OnChain U.S. Government Money Fund.
59 North Capital Management LP acquired a new position in iShares Bitcoin Trust ETF (NASDAQ: IBIT) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,601,533 shares of the company's stock, valued at approximately $169,100,000. iShares Bitcoin Trust ETF makes