IBIT

azdcaz

Yeah and -81k of those in a day is crazy. Think of how many IBIT holders did the same.

global_hodl

10% is SP500 and 90% is split between IBIT and MSTR.

moonRekt

Patting my back for dumping my IBIT and ETHE

Background-Day-4957

Bitcoin will move more along macro trends than previous 4-year cycle pattern, as more institutions, like JPM, Morgan Stanley, Goldman Sach, etc, invest in spot Bitcoin ETF like IBIT.

Clean-Item-4384

It's hilarious to me how many people don't understand this simple concept. IBIT is essentially holding Bitcoin and not being taxed on it (heavily) when you withdraw in 10 or 20 yrs. Everyone holding Bitcoin will lose a ton of it on withdraw.

Clean-Item-4384

I don't know why everyone doesn't keep IBIT over Bitcoin in Canada because if you hold straight Bitcoin you're going to be taxed on everything you take out in 20-30 years and lose a ton of your money.

Background-Day-4957

Spot ETFs buy and sell to mirror the NAV and AUM to their Bitcoin holdings. When IBIT shares are traded, they are traded among other traders. Institutions invest in these ETFs and can have huge impact on inflows and outflows.

Numerous_Ruin_4947

There's 6 ETH for every 1 BTC. If ETH recovers to that ratio, then BlackRock's ETHA would exceed their IBIT fund.

riscten

Most traditional brokers let you open short positions too. You're free to short one of the Bitcoin ETFs (IBIT, ARKB, FBTC, etc.)

HedgehogGlad9505

Do you have a stock account? Just search IBIT and choose options. You can buy puts or even sell naked calls as you want.

Normal-Translator529

Even if wash sale rules were in place, you could sell BTC and exchange for IBIT (or vice-versa depending on tax situation). I prefer to hold actual BTC but it is nice to have the option of writing out of money calls with IBIT. Generates income when needed without having to sell any of your stack.

Head-End-5909

Black Rock’s iShare IBIT is a grantor trust that directly holds spot bitcoin for investors. As investors sell, the Black Rock sells and vice versa. It’s not a Bitcoin treasury.

llindstad

I sell call options through my brokerage account (ETF: IBIT). Expiry, usually about 3 months out. I then buy bitcoin for the added amount. If strike price hits, I lose the principle, but I've gotten free BTC. If not, I'm better off. It has its drawbacks, but works well for a volatile asset like bitcoin.

commandrix

Blackrock isn't MicroStrategy. It isn't going to take any crazy risks with the "buy and HODL" mentality. Anyway, the rules for an ETF require that the value of its assets under management matches the value of its shares, so of course Blackrock is going to sell Bitcoin if people dump IBIT shares.

didnt_hodl

you are correct in general however, there is a detail that Blackrock manages many other funds and they have been allocating IBIT as one of the holdings to those other funds. so this is not driven by retail, it's solely Blackrock's internal decision on how to manage this or that fund. retails simply buys or sells this or that "diversified" fund, but they do not get to decide on the fund's holdings. so in practice I am actually sure Blackrock can do some IBIT buying, if they see it as a good opportunity, simply using already committed customer funds, which they are explicitly asked to direct and invest

longonbtc

Blackrock's iShares Bitcoin Trust ETF only buys BTC when people buy shares of IBIT. Blackrock's iShares Bitcoin Trust ETF only sells BTC when people sell shares of IBIT.

No_South_9912

IBIT selling is retail throwing in the towel

Got_Engineers

Billions of dollars has been invested at the institutional level. Harvard endowment fund and other universities own billions of $IBIT. There is a reason Bitcoin perpetual figures follow the same patterns and cycles as futures contracts. Bitcoin is being manipulated by institutional investing snd they do not like risk.

hiplA

Buying IBIT solves your problem of BTC/USD liquidity

AbanaClara

My first crypto was 2020. Bought nothing but alts and had to sell them off and get off crypto since I didn’t have the appetite for the volatility Got my first btc exposure through IBIT near ATH literally a month ago. 😂

coinfeeds-bot

tldr; BlackRock's iShares Bitcoin Trust (IBIT) experienced record-setting outflows of $523 million on November 19, 2025, marking its largest daily net outflow since its launch in January 2024. The ETF has seen five consecutive days of outflows totaling $1.43 billion, coinciding with Bitcoin's price drop below $90,000 from its October high of $126,080. Analysts attribute the outflows to institutional portfolio recalibration rather than abandonment of Bitcoin, amid broader market liquidity challenges and macroeconomic uncertainties. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MoneyOptimal6395

Dumping on us? I think plenty of retail owns IBIT. I have a bitcoin worth in my IRA.

Head-End-5909

Black Rock’s Spot ETF: iShares IBIT. I hold it it in my Roth IRA

Impressive-Trust-382

You see etf in flows but those companies are using the futures market to bet against btc. It looks like there being bullish but the aren't:: check it Here’s how it works: Funds buy IBIT ETF shares Simultaneously short CME Bitcoin futures Capture the yield difference between the ETF and futures (the basis) Use the ETF shares as collateral for the futures short... Institution trickery, but don't be fooled by there trickery because approx 7 million in btc is lost.. 1 million left to be mined, that means 13 million is owned between us and them and they cant just gobble up btc so the use this trickery to shake people out so they can buy. Forget the etfs and all they companies like them. U don't need them. Own the btc you self so they don't sell you shares of a btc and street out shares to being 2:1 or 3:1 so they can steal.. btc was created and will be 1:1 with in its self. Break away feom the old system and don't allow them to fool you by judging the lines.. this is out chance to rise. Let's not blow our shot. If anyone else sees something share it. This helps us all.. God bless us all.

Hokie027

I had puts slightly before top… but my IBIT puts are dated to Mar 2026. So they have plenty of time to play out. I actually averaged down above 120k 😂. And like this guy I’ll catch within a few thousand of the bottom.

Hokie027

I’m betting the cycle isn’t dead and plan to buy fall 2026. Right now my IBIT puts say I was right…

Savik519

I'd argue institutions/banks and market makers buy something like IBIT in order to short futures and play the carry trade. They don't care if BTC goes up, down, left, right. They collect the premium and that's all they want. The moment the trade unwinds they are out. Same with those who have high time preference and compare BTC to meme stocks, high risk options, etc. They will walk away from BTC as soon as the trend is clearly down. For the longest time we had two separate factions within BTC. The BTC hippies (P2P, freedom, decentralization) and the BTC Nerds (ETFs, treasury companies, centralized holdings, NgU). Take away the hippies and nobody will be here to pick up the pieces when the real drawdown starts.

Backrus

Doesn't mean hijacked coin has to go up. On the contrary, BTC has never seen a proper recession, and fumbled post-halving year with a historically weak dollar on the backend of the greatest bull market in history. If anything, anyone reasonable will go with metals - BTC on a risk-adjusted basis has been done as an investable asset since last year, when IBIT options launched.

Creepy-Ball-9787

Would someone tell me the advantage of holding bitcoin versus just investing in the IBIT ETF. Going IBIT, you don't need to deal with crypto brokerages, wallets..etc.

TheCatOfWallSt

I bought about $340k (100% of my investment money) into IBIT around $117k 😂 I couldn’t be less worried, I know it’ll go higher eventually. I’ve recouped a little back by selling covered calls above my purchase price (I bought at 66/selling 67 calls 4 weeks out)

harvested

IBIT is -3% when SPX -1.3% Isn't that pretty normal? Visit the crypto sub they are about to perform seppuku

Gh0st_Pirate_LeChuck

Sold some VTI so I can buy some IBIT

coinfeeds-bot

tldr; BlackRock's Bitcoin ETF, IBIT, experienced a record single-day withdrawal of $463.1 million on November 14, amid a broader trend of heavy outflows from crypto exchange-traded products (ETPs). Global outflows reached $2 billion last week, driven by macroeconomic uncertainty and market downturns. Bitcoin and Ethereum ETPs saw significant declines, with assets under management dropping 27% since October. Analysts attribute the outflows to market conditions and expect ETF flows to remain tied to macroeconomic factors and policy decisions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

WaltDisney90

There’s no way — this is past trauma causing everyone to think the bear market is inevitable. The ISM (business cycle) is extremely low and primed for a massive rally, QT ends December 1, rate cuts into the end of the year, government-fueled liquidity injections around the corner, institutions scooping up billions. The current drop is not from Wall Street as IBIT holders have only sold 1% of their total stash. It’s OG whales who still believe in the 4-year cycle and they have been dumping all year. Good for them, they deserve to live it up after holding for a decade + the insane demand has been keeping price stable while an insane amount of selling has been taking place. This allows a new floor to be set — now, 25% of coins have a cost basis above 100k. This is painful in the short term but extremely bullish in the long term. We have basically been in a bear market when priced in gold, the face-melting rally is just about to begin. BTC always does the opposite of what everyone is expecting. Flipping inverse of general sentiment is usually a winning recipe.

Sufficient-Season639

Yes, IBIT itself is a passive spot ETF that only holds Bitcoin and cannot be used as a prop trading vehicle. But that limitation applies **only to the trust**, not to BlackRock’s other funds, such as the Asset Managers with SMAs, and our model portfolios. BlackRock can legally buy or sell IBIT in any portfolio where IBIT fits the mandate, and those positions are disclosed publicly through our 13F filings; which I literally helped oversee for a bit. The 13F filing is public too and you can search it up. We have IBIT on there since we are required to disclose the holdings if our purchase is above a threshold. The trust being separate is an accounting and regulatory requirement, not a trading prohibition. What is **prohibited** is insider trading. Our department did not possess MNPI about IBIT. We used our own analysts to help us make decisions on rebalancing our portfolios, so our rebalancing was legal. I’m not telling people “don’t worry” to push people into buying more BTC. I’m saying it because I genuinely want the people to maximize their long-term wealth. BTC will be volatile and it will drop, That's why I only hold IBIT in my IRA and 401k. I’ve learned more about bitcoin and its relations to, finance, economics, and the regulatory side from the people I know and work with than most people ever get access to. There’s a reason so many of our directors and partners personally hold a massive amount of BTC. It works and will be fine, even with the "threat" of quantum, computing, lol. If someone treats BTC as a get-rich-quick-play, they’re missing the point.

ReliantToker

Do IBIT calls count as not bitcoin?

Three_of_a_kind3515

You could buy an EFT instead.. IBIT seems to be the larger of the two choices.. supposed to track price of BTC like the GLD EFT.. 🤷‍♂️

Matrixfan67

I bought LEAPS of IBIT when it was $120K. What do I do.

Hamm3rFlst

I have my 2026 backdoor roth ready to roll ($14k for wife and I). Need this hold till Jan 1st where I go all in on IBIT

Best-Bodybuilder9015

Are Crypto Forced Liquidations Amplifying Equity Market Volatility? $BTC $ETH $GBTC $ARKB $ETHA $ETHE $BITO $FETH $IBIT all experienced major outflows. This is the second time in November we experienced this. Crypto is under real pressure. A spike in volatility, cooling institutional flows, and a stronger dollar are squeezing a market already stuffed with leverage. When big moves hit, especially sudden drawdowns like we have seen recently, forced liquidations rip through the system. Here is the part most people miss: those margin calls never stay contained in crypto. Traders facing levered losses raise cash wherever they can, fast, and the most liquid pockets of their portfolios are large cap tech and other high-flying equities. So, weakness in crypto spills into stocks not because fundamentals change, but because traders hunt for liquidity. It has a domino effect.

Then_Helicopter4243

BlackRock’s IBIT seeing a record $463M BTC outflow highlights how quickly institutional sentiment can shift.

Sector__7

If you don’t mind owning an ETF you can sell an at the money put on IBIT/FBTC and get paid ~$1,300 on 11/21 expiration. If it doesn’t hit your strike price by 11/21 then you get to keep the $1,300 and can do the same thing again for the following week.

Slight_Ad_5507

Yes, clients of BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), recently executed a record single-day sell-off of Bitcoin. This action is a function of client-driven demand for redemptions, not an independent decision by BlackRock to exit the market. Details of the Sale Record Outflow: On November 14, 2025, IBIT experienced a significant net outflow of approximately $473.72 million (equivalent to around 4,880 BTC). This marks the largest single-day outflow in U.S. dollar terms since the fund's inception. Mechanism: BlackRock manages an ETF, meaning it buys Bitcoin when clients buy shares and sells Bitcoin when clients redeem shares. The recent transfers involved moving a large amount of the underlying Bitcoin from BlackRock's custody wallets to Coinbase Prime, the broker responsible for executing the sales and managing redemptions. It’s not Blackrock selling! It’s people selling! Some people don’t understand how crypto ETFs work! So stupid!

OkSeries5363

The iShares Bitcoin Trust is a passively managed spot ETF. Its stated goal is to reflect the price of Bitcoin by simply holding Bitcoin. BlackRock as the sponsor cannot legally or structurally use the trust to actively trade Bitcoin based on internal projections. Fund fiduciary duty. The only way BlackRock affects IBIT flows is if its vast network of other funds (eg pension funds, allocation funds, hedge funds) buy or sell IBIT shares. These other funds have a fiduciary duty to their clients. A decision by corporate management to force a mass selloff across all these funds based on an internal BlackRock projection would be extremely questionable from a regulatory and client standpoint. It suggests a manipulation of a product for corporate benefit, which is highly illegal and not how these giants operate. The balance sheet issue is the reason they set up the ETF as a separate trust in the first place, to avoid those exact headaches! The very existence of the IBIT trust makes a management decided mass selloff for speculative gain an impossibility.

New-Ad-9629

My employer offers a Self-Directed Brokerage Account (SDBA), and I'm planning to use it to buy IBIT.

rkquinn

I daily DCA but Iadd spot on big red days or when daily RSI is below 35 and it works out great. I also added to IBIT calls on 10/10 at tradfi close and those obviously got cooked.

OfficialBONKfun

Except IBIT isn’t Blackrock, it’s Blackrock customers.

Sufficient-Season639

Sorry, I should have clarified. BlackRock can buy it's own shares of IBIT. Management decided to do a mass selloff, which is part of the outflow. The reason why we don't directly buy BTC is because it fucks up our balance sheet; if BTC drops we have to record losses. If BTC rises, we have to sell to record any gains. Also, U.S. GAAP and compliance headaches.

coinfeeds-bot

tldr; BlackRock's IBIT Bitcoin ETF experienced a record single-day outflow of $463 million on November 14, 2025. This significant selloff reflects institutional investors reducing their Bitcoin exposure amid heightened market volatility and shifting portfolio strategies. The outflow is part of a broader trend, with US-listed spot Bitcoin ETFs recording net outflows of approximately $492 million on the same day, signaling a reassessment of digital asset risk by institutional clients. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Backrus

That's not true. Look at financial conditions index - it was loosing (aka better macro), and everything except BTC was flying with new ATHs daily. Y'all just move goalposts and move from chart to chart after each narrative failed. The last one, "liquidity sponge" will be tested soon, and it may fail as well. On a risk-adjusted basis BTC is uninvestable as an asset since IBIT options were introduced.

Backrus

Oh, it'll be the most brutal one - never in history Wall St has the ability to short BTC into the ground so easily. Study first bear market after asset class got ETF. Less volatility? Maybe to the upside (no upside vol since IBIT options were launched a year ago), but BTC has had the same drawdowns this cycle as previously. Thanks to Wall St it's just another stock with infinitely bigger downside risk.

obscureobject2574

Buying $750 of IBIT and $750 of ETHA every 2 weeks. Set it and forget it for 5-10 Years

Oograr

The problem with long dated options on a vehicle like IBIT is they are priced too high due to low liquidity, and will lose a lot of value in a churning market. Perhaps you need to buy 2 to 6 month puts (or whichever has best liquidity) every time BTC spikes and manage them closely so you cash out on major dips. I personally have not looked at options on IBIT but I understand where you are coming from.

ScrupulousBit

Can you harvest losses from MSTR and then buy IBIT and put back into MSTR after the wash restriction expires?

Financial_Design_801

Just checked and yeah $IBIT is now Harvard's largest position in its 13F and its biggest position increase in Q3. It's super rare/difficult to get an endowment to bite on an ETF- esp a Harvard or Yale, it's as good a validation as an ETF can get. That said, half a billion is a mere 1% of total endowment. Big enough to rank 16th among IBIT holders. -Bloomberg ETF analyst [Source](https://x.com/ericbalchunas/status/1989493893742657785?s=46&t=ihVglVXC0BQSbw6j57EoaA)

harvested

Harvard University reported owning 6,813,612 shares of IBIT valued at $442.8 million as of September 30. That's a 257% increase from 1,906,000 shares previously reported as of June. Huge increase from Harvard.

PalindromeHannah1771

Yep, through IBIT ETF

CUbuffGuy

Just fired in 100 out of the money IBIT calls for next week, easiest rebound rally of my life.

Word-Alternative

Finally a rational take... Yes, many of us are questioning 8, 9, 10 years of conviction. Something feels different to me. Saylor and IBIT pumped prices, but somehow my conviction has inversed.

harvested

>Important filing today. Al Warda Investments in the United Arab Emirates reported owning 7,963,393 shares of IBIT valued at $517.6 million as of September 30. >That's a 230% increase from 2,411,034 shares previously reported as of June, which was a new position at the time. >Al Warda Investments is managed by the Abu Dhabi Investment Council, which is a sovereign wealth fund. Sovereigns are stacking but wallsteetbets guys and random nocoiners coming here telling us it's going to zero.

Big_Coyote_655

If IBIT is owned by Blackrock and crypto directly competes with their global dominance, what do you really think will happen?  Honestly.  

Tiny_Ad_7257

Added IBIT to my Roth today what a fuckin steal. Thanks paper hands. 

Nice_Category

Bought $400 worth of IBIT today. Today was a good day. 

Money_Storm8799

For others considering this strategy, if your 401K is with Fidelity, you might be able to set up BrokerageLink and just buy IBIT inside the 401k. This obviously doesn't help if you want direct BTC instead of the ETF, but it can be a great strategy if you just want price exposure. Most Fidelity 401k users don't seem to know that BrokerageLink exists.

ecrane2018

Exactly if you want self custody just stop your 401k contributions and put it to buying coin or put in the minimum for the match and DCA the extra and move some 401k money to IBIT

5000DollarGold

Why doesn’t OP just buy IBIT inside the 401k..?

ecrane2018

More just it’s a stupid risky position to be in when he could’ve just bought IBIT in his 401k.

ecrane2018

Also he could’ve just bought IBIT in his 401k

ecrane2018

Why not just buy IBIT in your 401k? Instead of losing gains to interest?

DocInABox33

How are you not considering the ETF with the most liquidity… IBIT? It’s got the same fee as FBTC and 4x its AUM. You do realize liquidity affects the bid-ask spread so you think you are saving 10bps on the expense fee but you pay double that EVERY time you buy if the spread is high because of smaller liquidity (less buyers and sellers) Even if you don’t believe in data and objective facts, do you really think Mr Fink is going to risk Blackrock’s reputation as the biggest and most trusted custodian! 😱

thupkt

As a primarily options guy, can concur, the liquidity in IBIT options market is superior

JeremyLinForever

If you want leverage, get BITX, which is 2x leverage for IBIT. They pay a good 12% dividend as well so take a look into that. I feel like cold storage is already there, so if you play with stocks, it’s got to have more beta, and MSTR and BITX would do just that.

LetWinnersRun

If you want to trade options IBIT is the way to go, if your just going to HODL then FBTC is the way to go.

Individual-Bus345

I have 25,000 shares of IBIT and work in the industry

Altairandrew

I don't disagree with that, but heck MSTR has already traded at 200%, now eventually I guess they could be forced to sell BTC which will help keep it in balance. They so no, but I don't find Saylor very trustworthy looking (just saying) I'd much rather stick with IBIT (for an IRA) - matter of fact I sold my GBTC when IBIT became available and bought IBIT. I mean paying 2% to Greyscale was just crazy. I believe you can buy calls on IBIT if you want leverage. Personally I find Bitcoin volatile enough!

Daily-Trader-247

IBIT

SpiderHuman

1. NAV is 1.1x not paying 2x. When it approaches 2x, it sells shares (this is not dilutive, but accretive in terms of Sats per share.) 2. I now have 40% more satoshis per MSTR share than when I bought (yield GAIN). While my IBIT shares lose 0.25% per year (yield loss). If you value and price the stock in dollar terms, you will not be happy. If you value and price the stock in bitcoin terms, you will be happy. Is your mental framing in fiat dollars, or bitcoin satoshis?

grantnlee

in this case why not a pure play like IBIT rather than the added noise of MSTR?

Aggravating-Map-293

Best thing I ever did. I was wall paper to my fam before I had a fat wallet. I moved everything into IBIT which will allow me to take the occasional high conviction stock trades in the same account 3-4 times a year. The future is bright and I'm glad so many of you young guys are getting into the game early. BTW my overnight crypto success took 8 years of studying and working my day gigs.

PapaUrsidae

One thing thats appealing is that you can buy them (e.g. MSTR) in tax advantaged accounts like Traditional and ROTH IRAs if your broker doesn’t allow access to IBIT, FBTC, etc (looking at you Vanguard).

ChaoticDad21

I've seen IBIT ads on Reddit. Larry Fink, Employee of the Year

Standard-Care1491

Yeah the spread fees are getting ridiculous everywhere now. Here's what i've been looking at: \- Fidelity's 2% roundtrip is actually not terrible compared to some exchanges that hit you with withdrawal fees on top \- Been using EarnPark for yield instead of just holding - up to 35% APY makes those spread fees less painful when you're earning daily \- The institutional custody thing is huge though.. lost too much sleep over exchange hacks in the past \- IBIT is cool but yeah, no actual BTC ownership kills it for me At least Fidelity finally lets you move crypto out without the multi-week drama other tradfi brokers pull

Glass-Lifeguard1919

Sure, they're just like any other etf you would invest in. For example, if you use Fidelity, fidelity has a bitcoin etf with a ticker of FBTC. Blackrock has an etf that is available on all of the trading platforms, ticker IBIT. Instead of invest directly into BTC, you would be investing into this ETFs that hold the btc for you. Instead of buying fractional bitcoin (satoshis or sats as they're sometimes called) you would buy shares of any of these ETFs. ARKB & BITB are two more tickers if you'd like to research them all. Here's a link that shows you how IBIT & actual Bitcoin price track [https://portfolioslab.com/tools/stock-comparison/IBIT/BTC-USD](https://portfolioslab.com/tools/stock-comparison/IBIT/BTC-USD)

blackjackn

I don't plan on leaving my home but I think it's a good thing anyways. I have Fidelity custodied Bitcoin, IBIT/FBTC, and self-custodied Bitcoin. While I'm confident about self-custody, I do like diversifying where I keep some of my Bitcoin especially if it gets to be in a tax advantaged account.

Seattleman1955

It's 1% so yeah 2% to buy and sell. That don't charge to transfer in or out, they have institutional grade storage. It doesn't take months to transfer out. The rules are basically just government money laundering rules that apply most everywhere. I'd never transfer to Coinbase to store. You can sell for a little less there. I'd much rather use Fidelity now than Coinbase. If you are actually trading BTC then Fidelity may not be the best choice but for everyone else, it's great compared to most everywhere else. If the fee is too much, but IBIT but then you don't have BTC that you can transfer out if you want to. You'd have to sell and pay capital gains. Fidelity has finally in these last couple of months got a good crypto set up, IMO.

Glass-Lifeguard1919

There's two train of thoughts here... A) the old fashioned way is to buy from exchange then withdraw to a hard wallet with a pass phrase. B the newer way is to buy in the ETF form, like IBIT for example. The younger me would tell you A every time. As I've gotten older, I'm inclined to take profits out of the hard wallets and execute my buys with the ETFs moving forward. If BTC goes under it doesn't really matter where you hold it. If you happen to die too soon or lose your pass phrase, your bitcoin will not get passed on to your loved ones. It just feels safer and secure in my humble opinions sitting in big firms like Fidelity & Vanguard.

KCConnor

$45K will happen if IBIT's shareholders sell off en mass. $25K will happen if the Board over at Strategy overrides Saylor during the next bear market and triggers a sell-off. You're gonna need a lot of Wall Street round-trippers signing onto the HODL dotted line, to keep price above $75K for the next bear cycle.

Beneficial_Poet_7983

As I stated, they are not investing in Bitcoin, they are assets under management for clients of JP Morgan. \----- As of the end of the third quarter of 2025 (September 30), JPMorgan reported ownership of nearly 5.3 million shares of BlackRock's iShares Bitcoin Trust (IBIT) valued at approximately **$343 million**. This marks a 64% increase from its holdings in the previous quarter and represents assets managed for clients or within investment strategies, not directly on its own corporate balance sheet (treasury).  Key points: * **AUM (Assets Under Management):** JPMorgan holds a substantial amount in spot Bitcoin ETFs within its asset management and trading divisions to provide clients with regulated exposure to the asset class. * **Treasury Holdings:** The bank does not hold Bitcoin itself as a treasury asset. Its exposure is via shares in ETFs, which are managed by third-party custodians (like BlackRock's IBIT is managed by Coinbase Custody). \-----

didnt_hodl

IBIT solves that

BlackRockResearch

That's an excellent question, and we're happy to clarify what's happening here. The movement of Bitcoin to a secure custodian like Coinbase is a routine part of managing the iShares Bitcoin Trust (IBIT), which is a spot Bitcoin ETF. When investors buy shares of the ETF, we, as the asset manager, purchase the underlying Bitcoin on behalf of those investors. To be clear, this Bitcoin is not owned by BlackRock; it is owned by the clients invested in the fund. Our role is to ensure the Bitcoin is held safely and securely, and Coinbase serves as the custodian for those assets. These transfers reflect the ongoing process of managing the fund to match investor activity. We hope this explanation is helpful! Maria G.

gjjgfvjuyfc

What is wrong with IBIT?

Impressive-Cat-3144

Actual Bitcoin > Blackrock Bitcoin ETF - IBIT Trust yourself over anyone else!

CriticalCobraz

**Summary:** BlackRock is expanding its global Bitcoin strategy by launching the iShares Bitcoin ETF (IBIT) on the Australian Securities Exchange (ASX), expected to debut in mid-November 2025. This ETF will provide Australian investors with regulated exposure to Bitcoin through a traditional exchange, eliminating the need for offshore accounts or direct crypto custody. The fund will carry a 0.39% management fee and track the U.S.-listed iShares Bitcoin Trust (NASDAQ: IBIT). This move aligns Australia with major jurisdictions like the U.S., Germany, and Switzerland, reflecting growing institutional demand for Bitcoin in the Asia-Pacific region. The launch follows updated regulatory guidance from the Australian Securities and Investments Commission, requiring crypto-related services to obtain an Australian Financial Services Licence by 2026.

Practical-Company729

I took the opportunity and bought Jan 2027 and 2028 itm IBIT leaps. Problem solved. See you in June when I roll the 2027 leg.

didnt_hodl

just convert everything into IBIT and keep it at a regular bank/brokerage, hey if you want there is ETHA too

OutlawLazerRoboGeek

It probably depends on how hardcore of a crypto nerd he was. And maybe how paranoid he was about security. The lowest level of security, and and easiest to access, would be things like Bitcoin ETF on traditional brokerage accounts. So if he had a investment account at Fidelity or some place like that, and he has any of the symbols IBIT, GBTC, FBTC, etc, then that might be where the value is. But that would be pretty transparent and easily accessible for the estate lawyer to handle. The second lowest level would be keeping funds on a crypto exchange. Binance, Kraken, Coinbase, etc. Almost everyone who deals in crypto has at least one of these accounts because its the easiest way to get funds between crypto and "normal" money. In the past it was very risky to keep funds on an exchange long term due to hacking, regulation, and exchange collapse, but with 2FA and other measures, it's somewhat more acceptable now. The old school and high security way would be to keep your own coins on your own wallets. These are essentially digital bank accounts, that can be accessed through a number of different apps. But you will need a lot more passwords and codes to get to these. it's not just like username and password. It might be a long alphanumeric code, or a series of words that sound like nonsense, or even a text file on the computer that just looks like gibberish. The most secure way would be something like an encrypted hardware wallet. That is something you would need to have physically in your possession (most look like a chunky USB stick) along with whatever authentication means he set up, codes, passwords, phrases, (could even be biometric), in order to access the coins. I would go down this list from easiest to hardest. If you don't find any evidence of the easier ones, then move to the harder ones. In most cases the good thing about crypto is there isn't any ticking clock, other than people throwing away his records where he might have written down the passwords. The valuable coins generally become more valuable over time, and if the security is hard for you to get through, then it would be 10x harder for anyone else to do the same and steal anything. Good luck

wayfarer8888

They simply increased their stake in IBIT, an ETF. They don't hold BTC. Could be a risk management thing, maybe fairy dust to check off "crypto" in some alternative strategies fund.

Individual-Bus345

Changes literally nothing for an IBIT holder

Frequent_Optimist

Rough for IBIT holders. Even with the upswing yesterday, $375.5M outflows. By comparison, all other ETFs had inflows.

coinfeeds-bot

tldr; Bitcoin ETFs have experienced six consecutive days of outflows, totaling over $2.05 billion, with BlackRock's IBIT leading the withdrawals. Bitcoin's price has recovered to $103,000 after dipping below $99,000 but faces resistance at $106,000 and weak market sentiment. Despite some inflows from other ETFs like Fidelity's FBTC and Ark & 21Shares' ARKB, the overall trend remains negative. The market remains cautious, with Bitcoin likely to trade between $99,000 and $106,000 until a clear direction emerges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.