iShares Bitcoin Trust

IBIT

Market cap $45.6B

Everyone is watching Bitcoin's price. Wall Street is quietly rebuilding the financial system.

Coinbase (NASDAQ:COIN | COIN Price Prediction) is back on every crypto watchlist after a 11.36% one-week bounce reignited the “Bitcoin proxy” trade.

The iShares Ethereum Trust ETF (NASDAQ:ETHA) and the iShares Bitcoin Trust ETF (NASDAQ:IBIT) look like siblings from the same BlackRock nursery: identical wrappers, same Coinbase custodian, spot crypto exposure through a familiar ticker.

This weekly update tracks some of the largest cryptocurrencies by market share: Bitcoin and Ether. While both are considered high-risk assets, they possess foundational differences that investors should understand.

Global digital asset ETPs fell sharply in June 2026, with total assets under management dropping 18.4% to $106.8 billion from $130.9 billion at the end of May, according to Fineqia International Inc (CSE:FNQ). The decline pushed AUM to its lowest level since September 2024 and marked a second consecutive negative quarter for the sector.

Bitcoin just had its best week since March—but that's not the most important story. In this episode of The Daily Wolf, Scott Melker explains why Bitcoin's recovery is more significant than the price itself, how the market absorbed Michael Saylor's Bitcoin sale, why ETF inflows may finally be turning around, and how stablecoins continue to reshape the financial system.

Bitcoin bounced back Monday after President Trump called himself “a big crypto guy” and gave a positive, if noncommittal, answer when asked about the prospect of digital assets becoming part of his newly-launched Trump Accounts.

Bitcoin miners are quietly doing the math and defecting. The power, the cooling, the fiber, the substations.

The U.S. -listed Bitcoin ETFs have seen a record $4.5B outflow in June 2026 as Bitcoin falls 20.5%, while investors shift toward select altcoin ETFs.

Bitcoin has seen a drawdown of more than 30% in 2026. It's all taken a toll on the iShares Bitcoin Trust fund, known as IBIT.