IBIT is trading 3.7% up today as Bitcoin rebounds to $70,600 following the U.S. postponement of strikes against Iran, which has eased geopolitical tensions.
- Geopolitical relief has boosted risk-on sentiment, lifting global equities including the S&P 500 (+1.08%) and NASDAQ (+1.51%).
- Steady institutional ETF inflows continue to provide market support despite ongoing concerns regarding hawkish Fed policy.