I view IBIT as bullish on the basis that its massive early accumulation
"IBIT’s Bitcoin ETF flows are described as broadly positive across every rolling window, implying renewed buyer support that can underpin the risk-on backdrop for BTC-linked vehicles."
"BlackRock's IBIT, charging 0.25%, faces material share loss risk as Morgan Stanley undercuts ETF fees and redirects advisor-driven flows into its proprietary trust."