US46438F1012 - ETF
ISHARES BITCOIN TRUST ETF
NASDAQ:IBIT (12/20/2024, 8:17:41 PM)
After market: 55.5819 +0.77 (+1.41%)54.81
+0.09 (+0.16%)
Is it time to swap Bitcoin for Solana? Here's what you need to know about these big crypto names and their long-term prospects.
There's no denying that Bitcoin (CRYPTO: BTC) is having a magnificent year in 2024. One key factor behind this year's rally was the launch of the new spot Bitcoin exchange-traded funds (ETFs) in January. The largest spot Bitcoin ETF, the iShares Bitcoin Trust (NASDAQ: IBIT), now has $53 billion in assets under management.
Paul Tudor Jones is among the investing greats. The 70-year-old is widely credited with predicting the stock market collapse on Black Monday in 1987 when the Dow Jones fell a whopping 22%. Jones' hedge fund, Tudor Investment Corp, has posted average annual returns of roughly 19% over its more than four-decade existence, according to Hedge Fund Alpha, and Jones is reportedly worth over $8 billion, according to Forbes.
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