IBIT could close gaphere we see clearly a gap to close , also fib retracement at 50-61.8%, so I will be careful specially going to new moon in dec 31.
Key stats
About iShares Bitcoin Trust
Home page
Inception date
Jan 5, 2024
Structure
Grantor Trust
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
39.60%
Tax on distributions
Ordinary income
Established on June 8, 2023, iShares Bitcoin Trust (IBIT) was launched by BlackRock, a leading global asset manager and ETF provider. The trust allows investors to incorporate Bitcoin into a standard brokerage account. In addition to its pricing aspect, IBIT's appeal lies in its ability to alleviate the operational challenges linked to the direct holding of Bitcoin, along with the potential mitigation of substantial trading expenses and complexities in tax reporting.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
ishares Bitcoin Trust - RSI Bearish DivergenceHey Guys,
if IBIT goes down, So Bitcoin will also go down with it.
& here a RSI bearish divergence has been created so it will take a correction. also you can see bearish engulfing candle, So be carefull..!!
See chart for more understanding...!!
Disclaimer: I am not financial Advisor; this is my
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