Latest news with #IBIT
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7 hours ago
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Zacks Market Edge Highlights: IBIT, GLD and GLDM
Chicago, IL – June 2, 2025 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: Welcome to Episode #446 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. This week, Tracey is going solo to look at two alternatives to stocks that are both hitting new all-time highs in 2025: Bitcoin and Gold. For those who follow Tracey on X, you know that she is not a fan of Bitcoin or cryptocurrencies but even she can respect a strong bull market when she sees one. And, no, she still doesn't own Bitcoin. Tracey has owned gold before and currently owns two gold miners in the Zacks Value Investor portfolio and in her own personal portfolio. Should stock investors be looking at Bitcoin or gold even though they are near their highs? Or should they stay clear of one, or both, of them? iShares Bitcoin Trust ETF (IBIT) Forget about buying the actual cryptocurrency coins. Thankfully investors can now buy Bitcoin through a basic ETF: the iShares Bitcoin Trust ETF. And investors have been gobbling up shares of IBIT since its launch on Jan 5, 2024. In that short period of time, it has already brought in $70 billion through May 29, 2025. That's a tremendous launch. As of May 29, 2025, IBIT was up 12.8% year-to-date. However, since its launch in January 2024, it's up 139%. That is easily outperforming the S&P 500, which is up 24% in that same time. Investors will pay a sponsor fee of 0.25% to own IBIT. Should investors look at an alternative like Bitcoin? SPDR Gold Shares ETF (GLD) SPDR Gold Shares ETF is the leading Gold ETF. Listed on Nov 18, 2004, it is the largest physically backed gold exchange in the world. You don't have to buy gold bars from Costco; you can buy the ETF. GLD has a gross expense ratio of 0.4%, which is higher than the Bitcoin ETF at 0.25%. Because investors want lower fees, SPDR Gold Shares launched the Gold MiniShares Trust GLDM. It launched on June 25, 2018. It has a gross expense ratio of just 0.1%. GLD leads the industry with $97 billion in assets while GLDM already has $14.8 billion in just 7 years. GLD is up 60% over the last year, easily beating the S&P 500 which is up about 24% in the same period. Year-to-date GLD is up 23.8%, outperforming Bitcoin. GLD hit a new all-time high earlier this year. Should investors diversify with GLD or GLDM right now? Tune into this week's podcast to find out. Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Gold Shares (GLD): ETF Research Reports SPDR Gold MiniShares Trust (GLDM): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
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a day ago
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Bitcoin's Record Rally Prompts Advisors to Take a Second Look
Even the biggest crypto-skeptic financial advisors are starting to admit: They're paying attention. After the price of bitcoin hit record highs, on the heels of a 42% gain over the past two months, financial advisors are starting to consider whether the notoriously volatile asset class has a rightful place inside client portfolios. 'I've noticed an increase in client inquiries regarding bitcoin, and I go back to the fundamentals with this emerging asset,' said Nate Baim, founding member of Pursuit Planning and Investments. Like a lot of advisors these days, Baim is focused on bitcoin's price volatility and managing client expectations for an asset that has gained nearly 17% this year, while suffering a peak-to-trough decline of more than 40% and riding a 12-month gain of more than 60%. 'Bitcoin has historically shown extreme price swings, and I expect that volatility to persist,' he said. 'For those clients who wish to gain exposure, I generally suggest a conservative allocation for those who understand bitcoin's risks.' READ ALSO: Want a Crypto 401(k)? The DOL Isn't Standing in the Way Anymore and Why Thrivent Wants to Hire Nearly 600 Advisors this Year As the most popular of the cryptocurrencies, bitcoin investing has gained fast appeal since the January 2024 debut of spot bitcoin ETFs. Prior to that, crypto exposure through exchange-traded funds was limited to futures contracts, which limited the ability to perfectly track the price of the underlying digital currency. The Securities and Exchange Commission has since approved spot Ethereum ETFs and there are already funds folding in options strategies to leverage and hedge the volatility of crypto investing. Todd Rosenbluth, head of research at TMX VettaFi, attributes at least part of the growing appeal of the asset class to the Trump administration, 'which is seen as more favorable to crypto investing.' According to VettaFi data, the largest spot bitcoin ETF, the $70 billion iShares Bitcoin Trust (IBIT), has had more than $8 billion worth of net inflows this year, and nearly $6 billion came in during the month of May. Rosenbluth believes the bitcoin price pullback earlier this year was due to uncertainty around President Trump's global tariff negotiations, which rippled across most financial assets. The S&P 500 Index, for example, suffered a 19% peak-to-trough drop from February to April, but has since rebounded to slightly positive territory for the year. Rosenbluth believes the crypto appeal is also being fueled by what he describes as the 'second wave' of crypto ETFs aimed at various investor categories. The Calamos Bitcoin Structured Alternative Protection ETF (CBOJ) is an actively managed strategy that uses options to keep =price volatility within a certain range during the 12-month term of the ETF. And on the other end of the spectrum is the NEOS Bitcoin High Income ETF (BTCI), which is a fund of funds designed to generate income through exposure to bitcoin, bitcoin futures contracts and call options. 'We've seen ETFs using options to leverage or protect downside building momentum for the past five years on the equity side,' said Rosenbluth. 'What's novel is, over the last six to 12 months, we've been seeing these strategies applied to crypto investing.' Based on advisor feedback, the ETF issuers are striking the right cord and at the right time. 'Several of my clients now hold bitcoin ETFs, however, not all of my clients are comfortable with the exposure,' said Ryan Bond, wealth manager at Savvy Advisors. 'We always preach diversity, so we're making sure we add in the exposure in a way that does not over-expose investors to the risks associated with crypto volatility,' he added. 'Overall, I am also a bit wary of crypto exposure, as the volatility and uncertainty of future returns is a big concern.' Fixed Supply. Francisco Rodriguez, investment analyst at Brinker Capital Investments, sees a host of drivers behind the growing appeal of crypto investing. 'We may now be entering the second phase in the evolution of bitcoin ETFs and bitcoin as a legitimate investable asset,' he said. While Rodriguez credits the Trump administration with drawing more attention to crypto, he believes the recent rally is driven by 'asset allocators and investors re-optimizing portfolios to include more uncorrelated assets.' 'Bitcoin has often been referred to as digital gold due to its fixed, hard-coded supply of 21 million units and its decentralized, open blockchain system, both of which theoretically should insulate it from traditional monetary debasement,' he added. 'As a result, bitcoin is increasingly viewed as a unique diversifier or hedge against currency devaluation, sovereign credit risk, and geopolitical instability.' Where's My Wallet? Jon Henderson, founder and chief investment officer at Echo45 Advisors, credits ETF issuers with bringing crypto investing to masses, but adds that for direct ownership of digital assets, 'ETFs may fall short.' For his clients, Henderson is investing in crypto through separately managed accounts, with the direct assets held at cryptocurrency custodians like Gemini Trust Co. and Anchorage Digital. 'These custodians function much like Schwab or Fidelity for traditional assets, allowing our clients to hold crypto securely in their own names without the risks associated with self-custody,' Henderson said. Once the Weather Warms. Across the financial advice industry, which not long ago stood out for its skepticismof crypto investing, advisors are no longer able to ignore the asset class.'Yes, clients are asking about digital assets, especially as bitcoin makes headlines and pushes toward all-time highs,' said Mark Stancato, founder of VIP Wealth Advisors. 'However, just as with any asset that dominates the conversation, our role is to bring perspective and help clients make thoughtful, informed decisions,' he added. In terms of where crypto fits inside a diversified portfolio, and how much makes sense, Stancato is limiting exposure. 'For the majority of clients, a small allocation, typically in the range of 1% to 3%, is suitable, but always with a clear understanding of the asset class's volatility, behavioral risk and speculative nature,' he said. 'Digital assets can be part of the conversation, but they are never the foundation of a long-term plan.' Even as Stancato warms to the idea of folding crypto into client portfolios, he is eager to point out realities of how the asset class has performed as it becomes more mainstream. 'What is becoming clear, and supported by data, is that bitcoin is not behaving like the inflation hedge or portfolio diversifier many once claimed it would be,' he said. 'Correlations with equities have increased, particularly during times of market stress, making it appear more like a risk-on asset than a proper hedge.' This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
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Bitcoin Versus Gold: Should You Buy Now?
Welcome to Episode #446 of the Zacks Market Edge Podcast. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life. This week, Tracey is going solo to look at two alternatives to stocks that are both hitting new all-time highs in 2025: Bitcoin and Gold. For those who follow Tracey on X, you know that she is not a fan of Bitcoin or cryptocurrencies but even she can respect a strong bull market when she sees one. And, no, she still doesn't own Bitcoin. Tracey has owned gold before and currently owns two gold miners in the Zacks Value Investor portfolio and in her own personal portfolio. Should stock investors be looking at Bitcoin or gold even though they are near their highs? Or should they stay clear of one, or both, of them? iShares Bitcoin Trust ETF IBIT Forget about buying the actual cryptocurrency coins. Thankfully investors can now buy Bitcoin through a basic ETF: the iShares Bitcoin Trust ETF. And investors have been gobbling up shares of IBIT since its launch on Jan 5, 2024. In that short period of time, it has already brought in $70 billion through May 29, 2025. That's a tremendous launch. As of May 29, 2025, IBIT was up 12.8% year-to-date. However, since its launch in January 2024, it's up 139%. That is easily outperforming the S&P 500, which is up 24% in that same time. Investors will pay a sponsor fee of 0.25% to own IBIT. Should investors look at an alternative like Bitcoin? SPDR Gold Shares ETF GLD SPDR Gold Shares ETF is the leading Gold ETF. Listed on Nov 18, 2004, it is the largest physically backed gold exchange in the world. You don't have to buy gold bars from Costco; you can buy the ETF. GLD has a gross expense ratio of 0.4%, which is higher than the Bitcoin ETF (IBIT) at 0.25%. Because investors want lower fees, SPDR Gold Shares launched the Gold MiniShares Trust (GLDM). It launched on June 25, 2018. It has a gross expense ratio of just 0.1%. GLD leads the industry with $97 billion in assets while GLDM already has $14.8 billion in just 7 years. GLD is up 60% over the last year, easily beating the S&P 500 which is up about 24% in the same period. Year-to-date GLD is up 23.8%, outperforming Bitcoin. GLD hit a new all-time high earlier this year. Should investors diversify with GLD or GLDM right now? What Else Should You Know About Bitcoin Versus Gold? Tune into this week's podcast to find out. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Gold Shares (GLD): ETF Research Reports SPDR Gold MiniShares Trust (GLDM): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
3 days ago
- Business
- Yahoo
Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan
U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) recorded their first day of net outflows in 10 trading sessions on Thursday, according to a research report by JPMorgan (JPM). The Wall Street bank estimated that spot bitcoin ETFs saw $358 million of redemptions yesterday, according to a Friday report, with just one, BlackRock's iShares Bitcoin Trust (IBIT) attracting a net inflow. IBIT gathered in a net $125 million, the bank observed. In contrast, Fidelity's FBTC saw net outflows of $166 million, leading the redemptions, the report said. Other major contributors included the Grayscale Bitcoin Trust (GBTC) -$107 million, ARK 21Shares Bitcoin ETF (ARKB) -$89 million and the Bitwise Bitcoin ETF (BITB) -$71 million, the bank said JPMorgan said smaller outflows were also noted across the remaining issuers. The bitcoin price slipped 1.1% on the day, but market activity remained robust with trading volumes of $5.39 billion, well above the 20-day average of $2.81 billion, the report added. The world's largest cryptocurrency was trading around $105,656 at publication time.
Yahoo
3 days ago
- Business
- Yahoo
Crypto ETFs Lead April Inflows With $3.7B Asset Surge
Crypto exchange-traded funds attracted $3.7 billion in net inflows during April, marking the strongest monthly performance for the category this year, according to ETFGI data released Friday. The robust crypto ETF flows, combined with the $923.7 million that flowed into thematic ETFs, underscore investors' continued appetite for emerging technologies and digital assets amid broader market volatility, according to ETFGI data. The iShares Bitcoin Trust (IBIT) led crypto ETF inflows with $2.7 billion added during April, according to the ETFGI report. This fund's dominance reflects institutional and retail investor confidence in Bitcoin exposure. Meanwhile, the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced outflows of $87.3 million year to date, despite gathering $155.6 million in April, the report noted. These mixed results highlight the competitive landscape among Bitcoin-focused products. Global assets invested in crypto ETFs reached $146.3 billion at the end of April, marking the fourth-highest level on record, ETFGI data show. This total remains below the all-time high of $170.9 billion recorded in January 2025. During April, the crypto ETF universe expanded to 304 products with 756 listings globally from 65 providers across 26 exchanges in 20 countries, according to the report. A total of 23 new digital assets ETPs launched during the month alone. Year-to-date net inflows of $6 billion rank as the second-highest on record for crypto ETFs, trailing only 2024's $42.3 billion, the research firm noted. Historical data show 2021's total of $2.7 billion ranks third. Thematic ETFs maintained their growth trajectory with a fifth consecutive month of net inflows, gathering $923.7 million in April, according to ETFGI. Year-to-date inflows of $10.8 billion rank as the fourth-highest on record for this category. Among thematic products, the iShares Global Infrastructure ETF (IGF) attracted $126.2 million in April inflows, bringing its year-to-date total to just over $1 billion, according to the data. The Global X Cybersecurity ETF (BUG) gathered $104.3 million during the same period. Assets invested in thematic ETFs reached $317.4 billion at the end of April, below the record high of $329.8 billion set in January 2025, ETFGI reported. This category now includes 1,582 products with 3,049 listings from 276 providers across 53 exchanges in 41 | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
