Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-06-28T09:33:25+00:00
2024 was a massive turning point for crypto. After years of regulatory back and forth, a few of the biggest asset managers in the world were allowed to offer spot Bitcoin (BTC) exchange-traded funds (ETFs). Among them was BlackRock (NYSE: BLK), the world's largest asset management company. The launch of itsiShares Bitcoin Trust ETF,or IBIT, came as a green signal for traditional investors who wanted to explore cryptocurrencies but did not know how or where. A Bitcoin ETF allows people to bet on Bitcoin's price without buying or storing the cryptocurrency themselves. As recently as mid-2025, the average IBIT holder was up roughly 30%, per Bespoke datacited by Bloomberg. But after theflash crash of October 2025, Bitcoin's slide has flipped that gain into a steep loss. Related: BlackRock shar
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.