What is the iShares Bitcoin Trust ETF ibit39?
Could you elaborate on the iShares Bitcoin Trust ETF, specifically the ibit39? Is it a financially backed investment vehicle that provides investors with exposure to the price movement of Bitcoin, or does it function in a different manner? Additionally, how is it regulated, and what are the potential risks and rewards associated with investing in such a product? I'm particularly interested in understanding its structure, liquidity, and how it differs from other Bitcoin-related investment options.