COINOTAG news, September 25, the introduction of the US Bitcoin ETF on January 11 this year marks a significant milestone in the financial landscape. According to Farside data, these ETFs, notably the BlackRock iShares Bitcoin Trust (IBIT), have accumulated $17.7 billion in net inflows since their debut. For some investors, IBIT has emerged as a contender to MicroStrategy (MSTR), famed for its extensive Bitcoin reserves and dual business framework. Under the leadership of Executive Chairman Michael Saylor, MicroStrategy boasts a cache of 252,220 Bitcoins, equivalent to roughly $16 billion in value. Year-to-date, MicroStrategy’s stock price has surged 119%, whereas IBIT has appreciated by 35%, highlighting a performance gap exceeding threefold. Unlike IBIT, which carries an expense ratio of 0.25%, MicroStrategy does not levy such charges, benefiting from revenues via its analytics arm, which provides additional financial stability. Additionally, MSTR possesses the capability to generate capital via debt and equity offerings, contrasting with IBIT’s reliance on direct investor contributions.
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