Billionaires Are Buying a BlackRock ETF That Could Soar Up to 9,400%, According to Wall Street Experts

During the second quarter, several billionaire-led hedge funds bought positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) that tracks the spot price of Bitcoin (CRYPTO: BTC). The fund is issued by BlackRock, the largest asset manager in the world.The billionaires listed above have solid track records. Englander and Steyer rank among the 10 most profitable hedge fund managers in history. And Englander, Laffont, and Schonfeld beat the S&P 500 by at least 15 percentage points over the last three years.Beyond that, there is another reason individual investors should consider buying a position in the iShares Bitcoin Trust: Several Wall Street experts expect enormous gains in Bitcoin in the years ahead.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool