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Bloomberg Analyst: IBIT Has Been Rising Almost Continuously for Nearly Three Weeks, Accumulating Approximately 19% Gains Since the US-Iran Conflict
Svmuu News Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, stating that BlackRock's spot Bitcoin exchange-traded fund IBIT has been rising almost daily over the past three weeks, with another gain of about 3.5% today. Since the market sell-off triggered by the US-Iran conflict, it has accumulated gains of approximately 19%. As market concerns over geopolitical shocks have eased (previously seen as a "morning sell-off trigger"), fund sentiment has significantly recovered, driving continued strength in Bitcoin-related ETFs.
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