Skip to contentHome page Seeking Alpha - Power to InvestorsOct 24, 2026, 10:39 AM ETiShares Bitcoin Trust ETF (IBIT)BTC-USDMike Fay6.53K FollowersI 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.Technically, I see a favorable setup for BTC in the near term, which is supported by a persistent store-of-value belief even if network metrics continue to erode.MF3d/iStock via Getty ImagesIt has been over a year since I covered the iShares Bitcoin Trust ETF (IBIT) for Seeking Alpha. In the final takeaways segment of that article, I made a bold call:While I don't thinkThis article was written byMike Fay6.53K FollowersI'm not an investment advisor. I just share what I do with my own capital and why. Outside of Seeking Alpha, I also write the Heretic Speculator newsletter over at Substack.Analyst’s Disclosure: I/we have a beneficial long position in the shares of FBTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.I'm not an investment advisor. I share what I do and why. Take from it whatever you wish.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.