Public Market Proxies And VehiclesVehicle

Bitcoin proxy fund, IBIT

April 3, 2026Charlie Bilello, ProblemSniper, Hedgeye

Several traders use IBIT as the tradable proxy for Bitcoin performance and macro positioning, citing YTD drawdowns and failed hedging narratives as reasons to avoid or reassess exposure.

2026 YTD... Bitcoin $IBIT: -23%
March... Bitcoin $IBIT: +3%
April $IBIT 0.7 to 0.05 (currently) ❌
Bitcoin is down -23.8% YTD, stuck in a Bearish TREND
Charlie Bilello
ProblemSniper
Hedgeye
bitcoinetfmacrobitcoinbtc

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