According to ChainCatcher, Eric Balchunas, a senior ETF analyst at Bloomberg, posted on social media that BlackRock's Bitcoin spot ETF IBIT could reach $100 billion in size this summer, and might even achieve this in the current month.
Thanks to recent capital inflows and overnight market gains, its size has already reached $88 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 one). It's truly incredible.

