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Bloomberg Analyst: IBIT has nearly risen consecutively for the past three weeks, gaining approximately 19% since the US-Iran conflict.

MeNews
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ME News Report, April 18 (UTC+8), Bloomberg senior ETF analyst Eric Balchunas posted on X platform that BlackRock's spot Bitcoin exchange-traded fund IBIT has been nearly rising every day over the past three weeks, increasing by about 3.5% again, and has gained approximately 19% since the market sell-off triggered by the conflict between the United States and Iran. As concerns over geopolitical shocks diminish, market sentiment has significantly recovered, driving continued strength in Bitcoin-related ETFs. (Source: ChainCatcher)
IBIT-2.38%
BTC-1.91%
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FomoLibrarian
· 5h ago
A 19% rebound strength is acceptable; once geopolitical risks subside, funds will flow back.
View OriginalReply0
QuietQuants
· 6h ago
The wave of selling due to the US-Iran conflict is considered a golden opportunity, making it comfortable to buy the dip.
View OriginalReply0
GlassDome
· 6h ago
IBIT's trend is really steady, BlackRock's management still has a method.
View OriginalReply0
ThinkForThreeSecondsBefore
· 6h ago
Balchunas's data has always been reliable; this rebound has volume and value.
View OriginalReply0
VolcanicMonolith
· 6h ago
IBIT's performance is probably going to attract another group of cautious pension fund allocations.
View OriginalReply0
GateUser-e4351615
· 7h ago
Diminished geopolitical concerns + capital inflows, a double positive resonance
View OriginalReply0
GateUser-6857a9c9
· 7h ago
The underlying logic of spot ETFs has not changed; short-term disturbances do not alter the long-term trend.
View OriginalReply0
SeeingTheChainThroughTheFog
· 7h ago
A 3.5% daily increase isn't a big deal in the US stock market, but continuous gains in ETFs really indicate something.
View OriginalReply0

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