Bloomberg ETF Analyst: BlackRock’s IBIT Could Reach $100 Billion in Assets This Summer
According to a report by Jinse Finance, Bloomberg ETF Senior Analyst Eric Balchunas stated on social media that BlackRock’s spot Bitcoin ETF, IBIT, could reach $100 billion in assets under management this summer—possibly even as soon as this month. Thanks to recent capital inflows and overnight market gains, its assets have already reached $88 billion. Having been established for only a year and a half, it has now become the 20th largest ETF in the United States and BlackRock’s 7th largest ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain whale reduced holdings by 20,599 ETH to repay a loan, still holding 30,000 ETH
Strategy has purchased 223,700 bitcoins so far this year.
