Odaily Planet Daily reports: Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X that BlackRock’s spot Bitcoin ETF, IBIT, has risen nearly every day over the past three weeks, increasing by approximately 3.5% today and accumulating a total gain of about 19% since the market sell-off triggered by the U.S.-Iran conflict. As concerns over geopolitical shocks have eased—previously seen as a “morning sell-off trigger”—investor sentiment has clearly recovered, driving continued strength in Bitcoin-related ETFs.
Bloomberg Analyst: IBIT Rises 19% Since US-Iran Tensions
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Summary
Bloomberg analyst Eric Balchunas noted that investor sentiment has boosted Bitcoin ETFs, with BlackRock’s IBIT rising nearly every day for three weeks. The fund climbed 3.5% on April 17 and gained approximately 19% since US-Iran tensions triggered market selling. ETF inflows have mirrored the improved sentiment as geopolitical concerns ease and buying interest returns.
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