Bitcoin News

Breaking: BlackRock Spot Bitcoin ETF (IBIT) Soars 25% In Pre-Market Hours

BlackRock spot Bitcoin ETF debuts trading at $27.50 on Nasdaq, up over 25% in pre-market hours on Thursday.
Published by
Breaking: BlackRock Spot Bitcoin ETF (IBIT) Soars 25% In Pre-Market Hours

After the U.S. Securities and Exchange Commission (SEC) greenlights spot Bitcoin ETF listing and trading, the largest asset manager BlackRock’s iShares Bitcoin Trust ETF (IBIT) debuts with a bang by skyrocketing nearly 25% in pre-market hours on Nasdaq. Experts anticipate a massive inflow in the Bitcoin ETFs from the first day itself.

Advertisement

BlackRock Spot Bitcoin ETF Up 25%

BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund is trading at $27.50, up over 25% in pre-market hours on January 11. The BlackRock spot Bitcoin ETF net asset value (NAV) was at $26.12 on the approval date.

Bloomberg predicts $4 billion could flow into spot Bitcoin ETFs on the first day, with BlackRock grabbing nearly $2 billion inflow directly.

BlackRock spot Bitcoin ETF is live on their iShares website, Nasdaq, and across 175000 Aladdin investor platforms after the listing. BlackRock announced to reduce the fee to 0.25% and waive a part of the fee for the first 12 months. Thus, the fee will be 0.12% of the net asset value (NAV) of the first $5 billion of the Trust’s assets.

“Through IBIT, investors can access bitcoin in a cost-effective and convenient way,” said Dominik Rohe, head of Americas iShares ETF and Index Investing business at BlackRock.

BlackRock spot Bitcoin ETF will help remove some obstacles and operational burdens that prevent investors, from asset managers to financial advisors, from directly investing in Bitcoin.

Also Read: Bitcoin ETF Live Updates – US SEC Approves All 11 Spot Bitcoin ETFs, What’s Next?

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025
  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025