{"id":7004,"date":"2025-08-06T19:52:11","date_gmt":"2025-08-06T19:52:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/is-the-ibit-stock-a-buy-as-the-blackrock-bitcoin-etf-loses-traction\/"},"modified":"2025-08-06T19:52:18","modified_gmt":"2025-08-06T19:52:18","slug":"is-the-ibit-stock-a-buy-as-the-blackrock-bitcoin-etf-loses-traction","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/is-the-ibit-stock-a-buy-as-the-blackrock-bitcoin-etf-loses-traction\/","title":{"rendered":"Is the IBIT stock a buy as the BlackRock Bitcoin ETF loses traction?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The iShares Bitcoin Trust stock pulled back to a crucial support level as Bitcoin price lost momentum.<\/p>\n<div id=\"cn-block-summary-block_bb366804054e683313efc4541caae632\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The IBIT ETF has pulled back this month, mirroring the performance of Bitcoin.<\/li>\n<li>A technical analysis on Bitcoin points to an eventual IBIT rebound.<\/li>\n<li>BTC has formed a bullish flag and a break-and-retest pattern.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The IBIT ETF retreated to a low of $63.80 this week, down 8.40% from its highest point this year. It remains about 51% above its lowest level in 2025.<\/p>\n<p>SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\">data<\/a> shows the fund has lost momentum in terms of inflows. It recorded a net outflow of $77 million on Tuesday, bringing total net assets to $83.8 billion. Since inception, cumulative inflows have reached $57 billion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>IBIT has become the most successful ETF ever, with total assets peaking above $86 billion in July. It is also BlackRock\u2019s eighth-largest and most profitable ETF.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BlackRock\u2019s BTC ETF <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$IBIT<\/a> is the most successful ETF launch in history, and it\u2019s not even close. IBIT (orange line) hit $10 billion in assets under management in a record 34 days: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/Xejew300eK\" target=\"_blank\">pic.twitter.com\/Xejew300eK<\/a><\/p>\n<p>\u2014 Stephen McBride (@DisruptionHedge) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/DisruptionHedge\/status\/1952370014436364362?ref_src=twsrc%5Etfw\" target=\"_blank\">August 4, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Other spot Bitcoin (BTC) ETFs have also lost traction this month. They recorded outflows of $196 million on Tuesday, bringing total outflows to over $1.4 billion.<\/p>\n<h2 class=\"wp-block-heading\">Is the IBIT stock a good buy today?<\/h2>\n<p>The IBIT ETF moves in sync with the performance of Bitcoin. As such, the best way to predict its trajectory is to analyze Bitcoin price action.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart above shows that Bitcoin price has pulled back since July 14. It dropped from a high of $123,192 to a low of $112,000, its highest swing on May 23rd.<\/p>\n<p>Bitcoin has formed a bullish flag pattern, a common continuation signal. This pattern consists of a vertical rally followed by a descending channel and often leads to a breakout.<\/p>\n<p>BTC has also completed a break-and-retest pattern, moving back to $112,000, a key support level. This type of retest is often seen as a signal of trend continuation.<\/p>\n<p>Additionally, Bitcoin has done a mean reversion by declining to the 50-day Exponential Moving Average. It has also retested the ascending trendline connecting the lows since April.<\/p>\n<p>Therefore, the most likely scenario is a rebound toward the all-time high of $123,192. A break above that level would confirm a bullish breakout and potentially push BTC to $125,000. If this plays out, the IBIT ETF is also expected to rebound, as it closely tracks Bitcoin\u2019s price.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The iShares Bitcoin Trust stock pulled back to a crucial support level as Bitcoin price lost momentum. Summary The IBIT ETF has pulled back this month, mirroring the performance of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7004"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7004\/revisions"}],"predecessor-version":[{"id":7005,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7004\/revisions\/7005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3255"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}