Despite recent declines, I maintain a buy rating on IBIT due to key support levels and a bullish calendar stretch for bitcoin. Bitcoin has underperformed gold and the S&P 500 in 2025, but its long-term uptrend and technical support suggest a potential rebound. IBIT offers a convenient way to gain bitcoin exposure with low fees and high liquidity, making it a strong investment option.
Bitcoin's value has been all over the place lately. After an initial surge following investors' optimism after President Donald Trump won the November election, the cryptocurrency's price tumbled 10% over the past three months (as of this writing) on tariff fears and rising economic concerns.
Shares of the iShares Bitcoin Trust ETF (IBIT -2.39%) fell 17% in February, according to data from S&P Global Market Intelligence. The BlackRock exchange-traded fund essentially tracks the price of Bitcoin.
Trade wars and geopolitical uncertainty have caused U.S. stocks to slide as investors adjust to President Trump's rapid shifts in tariff policy. Commodity ETFs can help hedge against inflation, provide extra stability in volatile markets, and add diversification. From gold to natural gas to crypto, each commodity sub-class comes with different strengths and weaknesses in a market drawdown.
Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to explain why he's selling the IBIT.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to detail his latest portfolio moves.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to explain why he's trimming his bitcoin position.
Goldman Sachs, one of the world's largest investment banks, has significantly increased its Bitcoin exchange-traded fund (ETF) holdings, according to its latest 13F filing with the U.S. Securities and Exchange Commission (SEC), per Street.com, as quoted on Yahoo Finance.
Since the April block reward halving, miners generate an average of 455 BTC per day in block rewards. Demand from ETFs and companies created a 563k BTC 1yr supply deficit. Roughly half of the corporate demand for BTC has come from a single company; Strategy. BTC miners make up most of the remaining public company purchases. Despite declining usage and fee market concerns, Bitcoin's narrative as a hedge against fiat currency devaluation remains compelling.
Most investors have certainly heard about Bitcoin by now. The world's first and most valuable cryptocurrency has skyrocketed in price.
Bitcoin ETFs collectively pulled in $1.1 billion in the five trading days ending Tuesday with IBIT leading the pack.
During the past five years, Nvidia (NVDA -2.84%) has been one of the hottest tech stocks on the planet. In that time period, Nvidia rose more than 2,000%.