BlackRock IBIT

Definition ∞ BlackRock IBIT refers to the iShares Bitcoin Trust, an exchange-traded fund managed by BlackRock that directly holds Bitcoin. This financial instrument allows traditional investors to gain exposure to Bitcoin’s price movements through a regulated securities account. It represents a significant development in the institutional adoption of digital assets.
Context ∞ The approval and subsequent trading of BlackRock IBIT have been a focal point in discussions regarding institutional capital inflows into the cryptocurrency market. Its performance and trading dynamics are closely observed for indications of broader market sentiment and the increasing integration of Bitcoin into mainstream investment portfolios. Ongoing analysis will assess its long-term impact on Bitcoin’s price discovery and market structure.