Spot Bitcoin ETFs Explained: How IBIT, FBTC and the Rest Work
Spot Bitcoin ETFs turned custody, keys and exchanges into a single ticker. How IBIT and FBTC work, what they cost, and where the risks hide.
Luella Glass4 min read · May 31
Today in Crypto
Exclusive
Luella Glass4 min read · May 31
Markets, moves & the stories behind them.
Independent crypto journalism — live prices, on-chain signals and clear-eyed analysis, refreshed through the day.
Luella Glass4 min read · May 31
Bitcoin Price Analysis: The Levels That Matter as BTC Holds Near $74,000
Bitcoin trades near $74,000, just below record highs. Here are the levels, flows and risks that matter for the next move.
Marcus Bennettin BitcoinMarket Cap—
24h Volume—
BTC Dominance—
ETH Dominance—
Fear & Greed—
Coins Tracked—
Live Market Data
View all markets →
Top Cryptocurrencies
| # | Coin | Price | 24h | 7d | ||
|---|---|---|---|---|---|---|
All three asset classes
View all markets →Stocks & ETFs in focus
Our signature view
Bitcoin page →Both Eyes on Bitcoin
Every Fox Periodical story weighs both eyes — the red eye for risk and the bear case, the green eye for opportunity and the bull case. Here is this week's view.
Red Eye — the bear case
- Bitcoin remains highly volatile — drawdowns of 30-50% have happened repeatedly and can happen again.
- Regulation and macro shocks (interest rates, liquidity) can hit risk assets hard and fast.
- It produces no cash flow; the price rests entirely on what the next buyer will pay.
Green Eye — the bull case
- A fixed 21-million supply and the four-year halving cycle make it structurally scarce.
- Growing institutional access through spot ETFs such as IBIT and FBTC has widened the buyer base.
- A decade-plus track record as the largest, most liquid crypto network.
The Both Eyes View weighs the bear case and the bull case. Not financial advice.
Fresh off the desk
All news →Latest News
Markets
Both Eyes on the S&P 500: The Bull and Bear Case for 2026
The S&P 500 sits near records and the case for it is split. We look through both eyes: the full bear case and the full bull case.
Opinion & Analysis
Why Crypto and Stocks Both Deserve a Place in a Modern Portfolio
The real question is not crypto or stocks — it is how they fit together. An opinion on building a balanced, modern portfolio.
Markets
Fear, Greed and the 2026 Market Backdrop: Reading Cross-Asset Sentiment
Prices tell you what assets cost; sentiment tells you how investors feel. Reading Fear and Greed and the VIX side by side.
Independent voices
All analysis →Opinion & Analysis
Markets
Both Eyes on the S&P 500: The Bull and Bear Case for 2026
The S&P 500 sits near records and the case for it is split. We look through both eyes: the full bear case and the full bull case.
Opinion & Analysis
Why Crypto and Stocks Both Deserve a Place in a Modern Portfolio
The real question is not crypto or stocks — it is how they fit together. An opinion on building a balanced, modern portfolio.
Markets
Fear, Greed and the 2026 Market Backdrop: Reading Cross-Asset Sentiment
Prices tell you what assets cost; sentiment tells you how investors feel. Reading Fear and Greed and the VIX side by side.
Free & practical
All tools →Market Tools
Crypto Converter
Convert any coin to any coin at live rates.
Profit Calculator
Work out profit, loss and ROI including fees.
DCA Calculator
Backtest dollar-cost averaging vs a lump sum.
Compare Coins
Put two assets side by side on every metric.
Fear & Greed
Read live market sentiment at a glance.
Gas Tracker
Live Ethereum gas prices in USD.
Get our crypto analysis in your inbox
Markets, on-chain signals and the stories that move them — weekly. Free, unsubscribe any time.