The daily net value of BlackRock IBIT highly coincides with the daily price changes of Bitcoin during the same period
FT Chinese published an article written by Wu Zhijian, the founder and CEO of Singapore's Wufu Capital, titled "Is Bitcoin Spot ETF Worth Investing In?" The article points out that Bitcoin ETFs allow more investors to easily participate in investing in the bitcoin market. After listing, BlackRock's IBIT daily net value and the daily price changes of bitcoin during the same period highly coincide, confirming that Bitcoin ETFs can indeed closely track fluctuations in bitcoin prices, allowing investors to obtain investment returns (and losses) similar to those of bitcoin. If investors want to include bitcoins in their portfolio, they should proceed gradually and keep their total investment position at a relatively low level to ensure they can withstand fluctuations in bitcoin prices.
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