This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
IBIT INVESTORS NOW UNDERWATER
According to asset manager Bob Elliott, the average dollar invested in BlackRock’s Bitcoin ETF (IBIT) has turned negative.
Bitcoin’s weekend sell-off pushed prices into the mid-$70Ks, tipping IBIT investor returns into the red.