Why did the fund hit a new yearly low?

The decline is due to selling pressure from Bitcoin price volatility, though no specific details were provided in the report.

When was the IBIT fund launched?

The IBIT fund was launched in January 2024.

BlackRock's Iconic Bitcoin ETF Hits New Yearly Low

BlackRock's (NYSE: BLK) iShares Bitcoin Trust (Nasdaq: IBIT) has hit a new yearly low. The fund, launched in January 2024 as the first spot Bitcoin ETF from a Wall Street giant, tracks Bitcoin's price and has been under selling pressure.

June 25, 2026

2 min read

Source: TheStreet

According to a report from TheStreet, BlackRock's (NYSE: BLK) iShares Bitcoin Trust (Nasdaq: IBIT) has hit a new yearly low. The fund, launched in January 2024 as the first spot Bitcoin exchange-traded fund (ETF) from a Wall Street giant, tracks the price of the leading cryptocurrency and provides investors indirect exposure.

Details of the Decline

The exact percentage decline or current market value of the fund was not disclosed in the report. However, hitting a new yearly low indicates significant selling pressure since its launch.

Context

This decline comes amid sharp volatility in Bitcoin prices, affecting the performance of related ETFs. BlackRock was among the first firms to receive SEC approval for a spot Bitcoin ETF.

What This Means for Investors

Despite the decline, the IBIT fund remains an option for investors seeking exposure to Bitcoin without directly purchasing the cryptocurrency. However, investors should monitor the fund's performance and Bitcoin volatility before making investment decisions.

Frequently Asked Questions

The iShares Bitcoin Trust (IBIT) is a spot Bitcoin ETF from BlackRock that tracks Bitcoin's price and trades on Nasdaq.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.