Post
Topic
Board Beginners & Help
Re: How BTC ETF works? Can someone please explain in simple terms?
by
a298b112
on 21/11/2024, 10:30:34 UTC

Currently, they hold 474,627.44890 Bitcoins. At the time of writing this post, Bitcoin's price was $96,872. They sold 834,400,000 shares. Hence, the price should be $55.10 (it might take some time to get updated).


I wonder if they disclose how much money they make from offering IBIT.

Overall, I now understand how Bitcoin ETFs work. However, it appears to me that Bitcoin is becoming a conventional financial instrument, subject to all the regulations and rules that govern market players. I’m not sure whether this is a positive or negative development.