IBIT is trading 3.2% up today tracking Bitcoin's rebound to $70,600 amid easing Middle East tensions.
- Geopolitical relief followed the U.S. postponement of strikes against Iran, boosting risk-on sentiment across global equities and U.S. futures.
- BlackRock's IBIT saw $161M in net inflows on March 23, signaling steady institutional demand as Bitcoin stages a 5% rally.
- The recovery comes as the cryptocurrency consolidates near key support levels following a period of heightened volatility.