iShares Bitcoin Trust ETF - iSh
Investment Thesis
IBIT is experiencing a structural breakdown with 8 consecutive sessions of losses, -25.48% YTD, and record $2.8B in Bitcoin ETF outflows over 9 days. The momentum is accelerating to the downside with Bitcoin underperforming Nasdaq-100 by the widest margin since 2019, while the crypto infrastructure pivot theme suggests capital rotation away from pure Bitcoin exposure toward AI-focused blockchain plays.
Catalysts to Watch
Bitcoin ETF flows, Bitcoin price levels, institutional redemption data, crypto infrastructure pivot announcements, bond yield movements
Why It May Work
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Timeline
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