Bloomberg ETF Analyst: BlackRock's IBIT Scale May Reach $100 Billion This Summer

BlockBeats News, July 14th, Bloomberg ETF Senior Analyst Eric Balchunas posted on social media that BlackRock's Bitcoin spot ETF IBIT may reach $100 billion in AUM this summer, and it could happen this month. Thanks to recent inflows and overnight gains, its AUM 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). Truly unbelievable.