🔴 iShares Bitcoin Trust ETF is trading 3.4% down today on U.S.–Iran military escalation and a broad crypto selloff

iShares Bitcoin Trust ETF is trading 3.4% down today as Bitcoin fell below $73,000 following fresh U.S.–Iran military escalation over the weekend that reignited geopolitical risk.

• The escalation triggered a broad crypto selloff and pushed investors toward safe-haven assets like gold-backed tokens, while Ethereum broke through key support levels.
• Downside pressure was amplified by fragile risk sentiment following late-May spot Bitcoin ETF outflows, which included large redemptions from the iShares Bitcoin Trust ETF.