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The iShares Bitcoin Trust ETF (NASDAQ: IBIT) is an exchange-traded fund managed by BlackRock, Inc., designed to reflect the performance of Bitcoin. Launched on January 5, 2024, IBIT provides investors with exposure to Bitcoin through a traditional investment vehicle, eliminating the need to directly hold or manage the cryptocurrency. This structure aims to simplify the operational complexities, tax implications, and custody issues associated with direct Bitcoin ownership. Stock Invest+8iShares+8Barchart+8tradingview.com
Over the past 52 weeks, IBIT has traded between a low of $28.23 and a high of $61.75. As of March 11, 2025, the ETF's price was $47.24. investing.com+4marketbeat.com+4tipranks.com+4investing.com+2Stock Invest+2marketbeat.com+2
Regarding analyst sentiment, specific buy, hold, and sell ratings for IBIT are not readily available. However, according to TipRanks, IBIT is currently considered undervalued by Wall Street analysts. blackrock.comtipranks.com
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