Geopolitics Alpha

Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes

Published . Updated .

Trump on Sunday didn’t rule out additional strikes on Iran before the midterm elections, even as he said the war could end soon.

Directly affected

  • NDAQ Nasdaq

    Named in this report.

Indirectly affected

  • FRO Frontline

    Tanker operators earn more when freight rates spike

  • INSW International Seaways

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • USO United States Oil Fund

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with Iran supply risk

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • DAL Delta Air Lines

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NDAQ———————
FRO———————
INSW———————
DHT———————
TNK———————
USO———————
XLE———————
LMT———————
RTX———————
IBIT———————
DAL———————

Trump on Sunday didn’t rule out additional strikes on Iran before the midterm elections, even as he said the war could end soon.

Source: CoinDesk

The price since 28 Sep 2026: IShares U.S. Aerospace & Defense ETF (ITA) versus the S&P 500

Since the first closing price after “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes,” IShares U.S. Aerospace & Defense ETF (ITA) is -0.77%. The S&P 500 fund (SPY) is +0.29% over the same days, a -1.06% difference versus the market. industrial stocks (XLI) is -1.43%, a +0.66% difference versus that group of stocks.

ITA
SPY
XLI

Companies in defense around IShares U.S. Aerospace & Defense ETF (ITA)

Companies tied to this story

  • ITA IShares U.S. Aerospace & Defense ETF

    For “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia

  • XAR Spdr Series Trust

    Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes.” Reason on file: Material security escalation can alter defense demand expectations and risk premia

  • BITB Bitwise Bitcoin ETF

    In “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITU Proshares Ultra Bitcoin Etf

    In “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITX 2X Bitcoin Strategy Etf

    For “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes,” 2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GBTC Grayscale Bitcoin Trust ETF

    Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes.” Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • IBIT iShares Bitcoin Trust ETF

    For “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GLD Spdr Gold Trust

    Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes.” Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction

How defense news reaches IShares U.S. Aerospace & Defense ETF (ITA)

“Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes” (28 Sep 2026) reaches IShares U.S. Aerospace & Defense ETF (ITA) through Defense.

IShares U.S. Aerospace & Defense ETF (ITA) is on the page because Material security escalation can alter defense demand expectations and risk premia

Also listed, Spdr Series Trust (XAR): Material security escalation can alter defense demand expectations and risk premia

What this defense story puts on the calendar

BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.

A simple score for IShares U.S. Aerospace & Defense ETF (ITA)

46 out of 100

“Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.