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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.
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 rising almost daily over the past three weeks, gaining about 3.5% again. Since the market sell-off triggered by the conflict between the US and Iran, it has accumulated a rise of approximately 19%. As concerns over geopolitical shocks diminish and market sentiment significantly recovers, Bitcoin-related ETFs continue to strengthen. (Source: ChainCatcher)