This Bitcoin ETF Is Up 75% in 12 Months. Here's Why It Can Still Be a Good Buy

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>David Jagielski, The Motley FoolWed, Jul 30, 2025, 2:41 PM 4 min readThe iShares Bitcoin Trust ETF has closely tracked the gains of Bitcoin in the past year.Some Bitcoin bulls see the digital currency rising far higher than even $1 million.Since last November, Bitcoin has rallied 70% as investor excitement around crypto reform has grown.10 stocks we like better than iShares Bitcoin Trust ›Bitcoin (CRYPTO: BTC) has hit record highs this year, briefly reaching more than $120,000 as excitement around crypto reform has given investors plenty of reasons to be bullish on the top digital currency in the world. One of the ways to benefit from that surge has been through spot bitcoin exchange-traded funds (ETFs).As Bitcoin has risen by 75% in value over the past 12 months, the iShares Bitcoin Trust ETF (NASDAQ: IBIT) is up by a similar amount. For investors who don't want to buy bitcoins directly, investing in the ETF has been a fairly good way to track the performance of the digital currency and profit from its gains.But even despite these already significant returns, it may not necessarily be too late to invest in this scorching-hot fund.Image source: Getty Images.There's a lot of excitement around the blockchain and the potential for Bitcoin to revolutionize the global payments industry. Cathie Wood's company, Ark Invest, projects that Bitcoin prices could top $1.5 million by the end of the decade, and even under its bearish case, Wood's firm expects that it will rise to $300,000. Strategy Executive Chairman Michael Saylor believes that in the long run, the upside could be even greater, and that Bitcoin could reach a price of $13 million by 2045.It all depends on how widely adopted Bitcoin will be in the long run. But with the U.S. government looking to set up a Bitcoin reserve, things do appear to be going in the right direction. If the U.S. government starts to load up on bitcoins, then the cryptocurrency may become even more prominent in investors' portfolios, driving up its value in the process.Although Bitcoin is hot right now, it wasn't all that long ago that the cryptocurrency was in a free fall. In 2022, the digital currency plummeted by 65% as growth investors moved away from risky investments amid inflation and rising interest rates. It has been rallying lately due to the current U.S. administration's positive stance on crypto. However, if future administrations change their stances or regulations are put in place that stifle the digital currency's growth potential, it could affect its valuation. The future is always murky, especially in fairly new markets like the cryptocurrency sector.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,339.39 -23.51 (-0.37%)Dow 3044,130.98 -330.30 (-0.74%)Nasdaq21,122.45 -7.22 (-0.03%)Russell 20002,211.65 -20.75 (-0.93%)VIX16.72 +1.24 (+8.01%)Gold3,343.00 -9.80 (-0.29%)PortfolioSign in to access your portfolioSign inTop gainersNEGG Newegg Commerce, Inc. 63.79 +18.82 (+41.85%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)FRGE Forge Global Holdings, Inc. 21.92 +5.10 (+30.32%)AMSC American Superconductor Corporation 56.85 +12.91 (+29.38%)PI Impinj, Inc. 154.58 +32.37 (+26.49%)Top losersALGN Align Technology, Inc. 129.01 -74.56 (-36.63%)CFLT Confluent, Inc. 17.73 -8.67 (-32.86%)BAX Baxter International Inc. 21.76 -6.29 (-22.42%)SPSC SPS Commerce, Inc. 108.87 -30.69 (-21.99%)KEX Kirby Corporation 95.31 -24.69 (-20.58%)Most activeNVDA NVIDIA Corporation 177.87 -1.40 (-0.78%)APLD Applied Digital Corporation 13.14 +3.11 (+31.01%)NIO NIO Inc. 4.8700 +0.3600 (+7.98%)SOFI SoFi Technologies, Inc. 22.58 +0.71 (+3.25%)F Ford Motor Company 11.07 +0.20 (+1.84%)Earnings eventsTrending tickersFIG Figma, Inc. 115.50 +82.50 (+250.00%)AMZN Amazon.com, Inc. 234.11 +3.92 (+1.70%)NIO NIO Inc. 4.8700 +0.3600 (+7.98%)MRNA Moderna, Inc. 29.56 -2.59 (-8.06%)META Meta Platforms, Inc. 773.44 +78.23 (+11.25%)Top economic events