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

ChainCatcher news, Bloomberg ETF senior analyst Eric Balchunas posted on social media that BlackRock's Bitcoin spot ETF IBIT could reach a size of $100 billion this summer, and it might actually happen this month.

Thanks to recent inflows and the rise in overnight trading, 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 U.S. and BlackRock's 7th largest ETF (also its most profitable ETF). It's truly unbelievable.