markets · · seekingalpha.com
IBIT: I'm Waiting For $75,000 Bitcoin
I revisit iShares Bitcoin Trust ETF, noting a shift in Bitcoin's capital flows and technical setup since my last cycle-top call. Year-to-date, Bitcoin ETF net flows are modest at $182.4 million, but recent months saw $5.9 billion in inflows, signaling renewed institutional interest. Major entity Bitcoin holdings have increased by 5.2% YTD despite a 7% price decline, highlighting potential price risks if large holders liquidate.
I revisit iShares Bitcoin Trust ETF, noting a shift in Bitcoin's capital flows and technical setup since my last cycle-top call. Year-to-date, Bitcoin ETF net flows are modest at $182.4 million, but recent months saw $5.9 billion in inflows, signaling renewed institutional interest. Major entity Bitcoin holdings have increased by 5.2% YTD despite a 7% price decline, highlighting potential price risks if large holders liquidate.
- #IBIT