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Stop monitoring the price, watch the flows.
Surface explanation: "#IBIT is the only high-flow ETF that has recorded negative performance this year."
Real explanation: It still ranks high - sixth in terms of flows - despite its negative performance.
This means investors did not wait for ideal conditions but instead averaged their purchase prices, allocated shares, and kept pressing the "buy" button as data changed.
If this is the performance of the #Bitcoin #Bitcoin fund managed by #ETF in a declining year, its performance in a "booming year" will be interesting, and at speed 🚀
#BlackRock
$LTC
$BTC