Bitcoin Gets Kicked Out of the $2 Trillion Club. Here's Why This Top Bitcoin ETF Is a Buy Anyway.

Group 1 - Bitcoin has experienced a significant sell-off, currently down over 30% from its all-time high set in early October, impacting the entire cryptocurrency market [1][6] - At its peak, Bitcoin's market cap was around $1.7 trillion, ranking it below only a few major U.S. companies, but it has since fallen below Broadcom [2] - The iShares Bitcoin Trust ETF, launched by BlackRock, offers a straightforward way for investors to gain exposure to Bitcoin, holding 100% of its assets in Bitcoin [5][8] Group 2 - The ETF has attracted over $67 billion in net assets despite recent outflows, holding approximately 4% of the total Bitcoin supply, making it a significant player in the market [7] - Bitcoin's transition from a fringe asset to a recognized investment class has been a major factor in its price movements, with the recent downturn marking the first significant decline during its establishment phase [9]