BlackRock's IBIT Debuts on Nasdaq

NEW YORK--(BUSINESS WIRE)--BlackRock’s spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), begins trading today on Nasdaq. IBIT seeks to track the performance of the price of bitcoin and carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $5B assets under management (AUM)1. “The launch of the iShares Bitcoin ETF advances ETF innovation and expands access to bitcoin for investors,” said Dominik Rohe, Head of Americas iShares ETF and Index Investing business at BlackRo ...