iShares Bitcoin Trust Sees Outflows as AI-Memory ETF Tops $6.5B
IBIT•Since its April 2 launch, the Roundhill Memory ETF has drawn an estimated $6.5 billion and rallied over 150%, while iShares Bitcoin Trust has endured net outflows and bitcoin has slid about 3% in the same period. AI-memory inflows and returns underscore shifting risk appetite away from bitcoin.
1. ETF Flow Comparison
From April 2 to early June, Roundhill Memory ETF has amassed about $6.5 billion in assets, while iShares Bitcoin Trust has shifted into net outflows, marking a clear divergence in investor allocations.
2. Performance Divergence
Over the same period, DRAM has soared over 150%, the PHLX Semiconductor Index has climbed roughly 75% and bitcoin has declined about 3%, illustrating stronger investor appetite for AI-memory plays.
3. Implications for Bitcoin
The outflows from IBIT and the performance gap suggest investors are reallocating risk capital toward AI-memory hardware, posing a challenge to bitcoin’s narrative as a leading risk asset.
