Bloomberg analysts: IBIT has risen almost in a row in the past three weeks, and has risen by about 19% since the US-Iran conflict

Eric Balchunas, a senior ETF analyst at Bloomberg, said in a post on platform X that BlackRock's spot bitcoin exchange-traded fund IBIT has risen almost daily in the past three weeks, rising again by about 3.5%. It has risen by about 19% since the conflict between the United States and Iran triggered a market sell-off. As market concerns about geopolitical shocks subsided, financial sentiment significantly recovered, pushing bitcoin-related ETFs to continue to strengthen.