diff --git a/src/init.cpp b/src/init.cpp
index 438ac8ff24..c11f100139 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -1168,7 +1168,9 @@ bool AppInitMain(NodeContext& node, interfaces::BlockAndHeaderTipInfo* tip_info)
 
     fListen = args.GetBoolArg("-listen", DEFAULT_LISTEN);
     fDiscover = args.GetBoolArg("-discover", true);
-    const bool ignores_incoming_txs{args.GetBoolArg("-blocksonly", DEFAULT_BLOCKSONLY)};
+
+    PeerManager::Options peerman_opts{};
+    ApplyArgsManOptions(args, peerman_opts);
 
     {
 
@@ -1216,7 +1218,7 @@ bool AppInitMain(NodeContext& node, interfaces::BlockAndHeaderTipInfo* tip_info)
     assert(!node.fee_estimator);
     // Don't initialize fee estimation with old data if we don't relay transactions,
     // as they would never get updated.
-    if (!ignores_incoming_txs) {
+    if (!peerman_opts.ignore_incoming_txs) {
         bool read_stale_estimates = args.GetBoolArg("-acceptstalefeeestimates", DEFAULT_ACCEPT_STALE_FEE_ESTIMATES);
         if (read_stale_estimates && (chainparams.GetChainType() != ChainType::REGTEST)) {
             return InitError(strprintf(_("acceptstalefeeestimates is not supported on %s chain."), chainparams.GetChainTypeString()));
@@ -1539,10 +1541,6 @@ bool AppInitMain(NodeContext& node, interfaces::BlockAndHeaderTipInfo* tip_info)
 
     ChainstateManager& chainman = *Assert(node.chainman);
 
-
-    PeerManager::Options peerman_opts{};
-    ApplyArgsManOptions(args, peerman_opts);
-
     assert(!node.peerman);
     node.peerman = PeerManager::make(*node.connman, *node.addrman,
                                      node.banman.get(), chainman,