Bloomberg ETF analyst: BlackRock IBIT may reach $100 billion this summer

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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.

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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.
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