Grayscale and iShares Bitcoin ETFs Surge as Bitcoin Hits Record Prices

The Grayscale Bitcoin Trust (GBTC) and the iShares Bitcoin ETF (IBIT) have seen their share values climb on Monday in response to Bitcoin's surge to historic price levels.

The Details:

The upward price movement of these Bitcoin ETFs correlates with Bitcoin's continued rally, as it soared past the $72,000 milestone. The funds have witnessed significant inflows and cryptocurrency's growing legitimacy as a viable asset class has buoyed this surge.

Bitcoin spot ETFs, including the GBTC and the IBIT, have experienced impressive net inflows, with these funds now accounting for more than 4% of Bitcoin's total circulating supply. Data from financial analytics show that on March 7 alone, the Bitcoin spot ETFs attracted a whopping $472 million in net inflows, while the total net asset value of these ETFs exceeded $54 billion.

How To Buy IBIT Stock:

Interested investors may be considering how to purchase shares in the iShares Bitcoin ETF or take a more bearish position against it. Acquiring shares is generally facilitated via a brokerage account, where investors often have the option of buying fractional shares, enabling investment in part of a stock rather than its entirety. Take the iShares Bitcoin ETF: a $100 investment at its current price would yield approximately 2.42 shares.

For those looking to take short positions, the process is more intricate and requires access to a platform that supports options trading or a broker that permits short selling. Short selling involves borrowing and selling the shares with the aim to repurchase them at a lower price. Alternatively, options trading allows for buying put options or selling call options to profit from a drop in stock price.

GBTC, IBIT Price Action: Recent data indicates that Grayscale Bitcoin Trust shares have risen by 4.8%, reaching $64.86, while iShares Bitcoin ETF shares increased by 5% to $41.53.

GBTC, IBIT, Bitcoin