IBIT is trading 4.1% up in pre-market, tracking Bitcoin's surge to $71,625 (+4.21%) following a US-Iran ceasefire and the reopening of the Strait of Hormuz.
- Global markets are rallying as geopolitical tensions ease, with S&P 500 futures (ES) up 2.47% and Nasdaq futures (NQ) gaining 3.18%, while oil prices plunged 15% to $95.67 to ease inflation fears.
- The rebound follows yesterday's 1.87% BTC decline, now bolstered by strong institutional momentum after $471M in Bitcoin ETF inflows were recorded on April 6.