Billionaires Are Buying an ETF That Could Soar 13,100% if Michael Saylor of MicroStrategy Is Right

Following the moves of billionaires across Wall Street can provide some valuable insight into the ideas of some of the smartest investors around. While any single trade rarely means too much, taken in aggregate, interesting trends can emerge.One fund in particular has seen an incredible inflow of capital from these investors during the last year: the iShares Bitcoin Trust ETF (NASDAQ: IBIT). The exchange-traded fund (ETF) is the largest of the new spot Bitcoin ETFs that launched in January after receiving the green light from regulators. Billionaire money managers have been eagerly buying in and it has quickly swelled in size.The demand was so great that the iShares Bitcoin Trust ETF became the fastest-growing ETF in history. The fund reached $40 billion in assets under management (AUM) in just 211 days, smashing the previous record of 1,253 days. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool