Svmuu News Bloomberg senior ETF analyst Eric Balchunas posted on the X platform, stating that BlackRock's spot Bitcoin exchange-traded fund IBIT has been rising almost daily over the past three weeks, with another gain of about 3.5% today. Since the market sell-off triggered by the US-Iran conflict, it has accumulated gains of approximately 19%. As market concerns over geopolitical shocks have eased (previously seen as a "morning sell-off trigger"), fund sentiment has significantly recovered, driving continued strength in Bitcoin-related ETFs.