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

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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, gaining about 3.5% again, and has accumulated 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%
BTC2.95%
View Original
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StarsInTheGlassDome
· 12h ago
IBIT's trend is indeed stable, and BlackRock's capital appeal is no joke.
View OriginalReply0
BetaTestHuman
· 13h ago
Up 3.5% every day? Why are the altcoins I hold still pretending to be dead?
View OriginalReply0
RetroKeysAndPositions
· 13h ago
A 19% rebound looks promising, but what if the Middle East causes more trouble again?
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TransparentDomeCity
· 13h ago
Almost every day in the past three weeks, it has been rising, and this pace makes those who missed out even more anxious.
View OriginalReply0
MevTeaTime
· 13h ago
Balchunas's data has always been reliable; ETF fund flows are indeed a short-term weather vane.
View OriginalReply0
StopRaisingGasFees.
· 13h ago
Geopolitical risks are cooling down + institutional continuous inflow, this wave of logic is quite smooth.
View OriginalReply0

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