BlackRock ETF rises nearly 20% in three weeks, institutional positions say it all — Bitcoin's safe-haven narrative is shifting to a growth narrative

Bloomberg senior ETF analyst Balchunas noted that BlackRock’s spot Bitcoin ETF IBIT has been rising on nearly every day over the past three weeks, recently climbing by about 3.5% again, and has gained roughly 19% since the sell-off triggered by the U.S.-Iran conflict. With geopolitical worries easing and market sentiment improving, Bitcoin-related ETFs continue to strengthen.