The iShares Bitcoin Trust IBIT is seeing its time in the sun once again. The fund on July 10 set a new 52-week high, an astonishing 125.86% increase from its lows. Bitcoin itself broke above $118,900, reaching an all-time high today.

With tech stocks like NVIDIA Inc. NVDA hot and whispers of rate cuts becoming louder, IBIT’s ride is not another crypto sugar rush; it could be something more profound: the mainstreaming of Bitcoin ETFs as solid portfolio staples.

So, is the rally genuine, or are investors again pursuing a mirage constructed of digital gold?

Tech Tailwinds And The Bitcoin-NVIDIA Connection

IBIT’s rally is synchronous with a technology surge that has been nothing less than…

Read more on Benzinga