ChainCatcher report: Bloomberg senior ETF analyst Eric Balchunas posted on X that BlackRock’s spot Bitcoin ETF, IBIT, has risen nearly every day over the past three weeks, climbing another 3.5% and accumulating a total gain of approximately 19% since the market sell-off triggered by the U.S.-Iran conflict. As concerns over geopolitical shocks ease, investor sentiment has clearly recovered, driving continued strength in Bitcoin-related ETFs.
Bloomberg Analyst: IBIT Rises 3.5% as Geopolitical Concerns Ease
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Summary
Bloomberg analyst Eric Balchunas noted that investor sentiment has improved as geopolitical concerns ease, pushing BlackRock’s IBIT higher. The spot Bitcoin ETF has risen nearly every day for three weeks, gaining about 3.5%. ETF inflows have surged, with the fund up roughly 19% since the U.S.-Iran conflict triggered selling. Bitcoin-related ETFs are benefiting from renewed market confidence.
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