BlackRock's IBIT spot ETF rallies 19% from recent low

BlackRock's spot ETF, IBIT, has risen almost every day for the past three weeks, according to ETF analyst Eric Balchunas. He noted that the fund surged another 3.5% today and is now up approximately 19% from its low. Balchunas suggested this is due to a growing perception that fears over the conflict in Iran and other early-day market jitters have subsided.