Bitcoin ETFs Showdown: IBIT Edges Out ARKB
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The article compares two Bitcoin ETFs: ARK 21Shares Bitcoin ETF (ARKB) and iShares Bitcoin Trust ETF (IBIT). ARKB has a lower expense ratio but a higher bid/ask spread compared to IBIT. IBIT's AUM growth has outpaced ARKB, likely due to BlackRock's strong market presence.
November 28, 2024 | 4:30 pm
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POSITIVE IMPACT
iShares Bitcoin Trust ETF (IBIT) is the largest and most liquid Bitcoin ETF, with a lower bid/ask spread and faster AUM growth, likely due to BlackRock's market influence.
IBIT's lower bid/ask spread and strong AUM growth, supported by BlackRock's advocacy, make it an attractive option for investors seeking liquidity and market dominance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
ARK 21Shares Bitcoin ETF (ARKB) offers a low expense ratio of 0.21% but has a higher bid/ask spread compared to IBIT. Despite significant inflows, its AUM growth lags behind IBIT.
ARKB's competitive expense ratio is offset by its higher bid/ask spread, which may deter some investors. Its slower AUM growth compared to IBIT suggests it may not be the preferred choice for investors seeking liquidity and growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80