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
Aragon Global Management LP purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ: IBIT) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 37,200 shares of the company's stock, valued at approximately $2,418,000. iShares Bitcoin Trust ETF makes up 0.7% of Aragon
Bitcoin, having closed 5 consecutive months in the "red zone," has brought the price into the range of interest ($57.8k–$70.8k) according to Fibonacci levels. As the "gold standard," IBIT demonstrates a renewal of institutional demand. The current price around $69,000 offers a mathematically sound trade with a 1-to-4 risk-reward ratio and a long-term target at the historical high of $126,223.
Bitcoin has shed roughly 19% of its value since the start of 2026, and the three most widely traded Bitcoin ETFs have moved almost in lockstep.
I maintain a buy rating on iShares Bitcoin ETF (IBIT) after it held critical $58,000 support and showed improving momentum. IBIT's absolute and relative strength have improved, with implied volatility normalizing after a February spike marked a bottom signal. Despite a 43% drawdown from highs, crypto bear markets appear less severe as institutional ownership grows and bitcoin matures.
iShares Bitcoin Trust ETF offers the largest, most liquid pure-play Bitcoin exposure with a competitive 0.12% expense ratio. Despite recent crypto volatility and a hold rating, I remain bullish on Bitcoin and view IBIT as a strong diversification tool. IBIT's NAV growth since inception is 41.15%, but recent performance has been negative due to Bitcoin's sharp sell-off.
The goal of this article is not to debate the merits of Bitcoin itself, but to determine how each fund performs across different market cycles. With my 2026 Bitcoin price target set at $130,000-$150,000, I currently maintain a 'Buy' rating on IBIT. In this analysis, you will discover why BTCI's high-yield options strategy inherently leads to gradual NAV erosion.
Bitcoin's Fall, Why Now Is The Time For A Contrarian-Long IBIT Play
While bitcoin was dubbed "digital gold," it's analog gold that has seen its price mostly go up these days. Meanwhile bitcoin-after doing little for weeks-on Thursday slid almost 7% to below $84,000, its lowest point since November, according to Messari.
NCIQ: Diversified Exposure May Not Diversify Risk