❕ $IBIT sends a stronger signal than it looks

$IBIT, BlackRock’s spot Bitcoin ETF, is the only ETF in the 2025 Flow Leaderboard with negative YTD performance.

But that’s not the real story.

Despite being down on the year, $IBIT ranked 6th by inflows. Investors kept allocating capital even through a weak performance period, effectively behaving in full HODL mode.

Even more telling:

Net inflows into $ibit surpassed $GLD, despite gold being up 64% over the same period.

Why this matters 👇

➡️Capital is flowing in regardless of short-term returns

➡️Investors are positioning for the long term, not chasing momentum

➡️ If ~$25B came in during a “bad” year, inflows in a strong year could be multiples higher

This isn’t a performance signal.

It’s a conviction signal.