Bloomberg analyst: IBIT has risen almost continuously for the past three weeks, accumulating about a 19% increase since the US-Iran conflict.
ChainCatcher news: Bloomberg senior ETF analyst Eric Balchunas posted on X that BlackRock's spot Bitcoin exchange-traded fund (ETF) IBIT has been rising almost daily for the past three weeks, increasing by about 3.5% again and accumulating an increase of around 19% since the market sell-off triggered by the US-Iran conflict. As concerns over geopolitical shocks have eased, investor sentiment has clearly recovered, driving sustained strength in Bitcoin-related ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japan’s Takaichi says in close contact with US financial authorities on currency market
A bitcoin address dormant for 16.2 years has been activated, containing 50 BTC
Yen breaches the 160 level again! Japanese finance minister vows to "join forces" with the US Treasury to address unilateral volatility
After the yen fell below the critical 160 level, the Japanese finance minister stated that Japan would closely cooperate with the US Treasury Department to address unilateral volatility, reigniting speculation of joint intervention.
Crypto prices
More
