Why the iShares Bitcoin Trust ETF Plunged in February
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The iShares Bitcoin Trust ETF (IBIT) experienced a significant decline of 17% in February, as reported by S&P Global Market Intelligence. This ETF, managed by BlackRock, is designed to track the price of Bitcoin.
March 08, 2025 | 7:15 pm
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The iShares Bitcoin Trust ETF (IBIT) saw a 17% decline in February, mirroring the price movements of Bitcoin. This drop highlights the ETF's sensitivity to Bitcoin's volatility.
The iShares Bitcoin Trust ETF is designed to track Bitcoin's price, so its 17% decline in February is directly linked to Bitcoin's performance. This indicates a strong correlation and suggests that any volatility in Bitcoin will likely impact IBIT's price.
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