Bloomberg analyst: BlackRock's IBIT size may reach $100 billion this summer

avatar
PANews
07-14
This article is machine translated
Show original

PANews reported on July 14 that Eric Balchunas, a senior ETF analyst at Bloomberg, posted on X platform that BlackRock's Bitcoin spot ETF IBIT might reach $10 billion in size this summer, possibly even this month. Thanks to recent capital inflows and overnight market gains, its size has already reached $8.8 billion. Established just a year and a half ago, it has now become the 20th largest ETF in the United States and BlackRock's 7th largest ETF (and the most profitable), which is truly incredible.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments