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Bloomberg analysts: IBIT has risen almost continuously for the past three weeks, with a cumulative increase of about 19% since the US-Iran conflict began
Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that BlackRock's spot btc-42">Bitcoin exchange-traded fund IBIT has been rising almost daily for the past three weeks, increasing by about 3.5% again, and has accumulated a rise of about 19% since the market sell-off triggered by the conflict between the U.S. and Iran. As concerns about geopolitical impacts have eased, fund sentiment has clearly recovered, driving Bitcoin-related ETFs to continue strengthening.
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