Bloomberg ETF analyst: BlackRock IBIT Bitcoin holdings may soon reach $100 billion

Odaily News Eric Balchunas, senior ETF analyst at Bloomberg News, wrote on the X platform that the size of BlackRocks Bitcoin spot ETF IBIT may reach $100 billion this summer, and it may actually be achieved this month. Thanks to recent capital inflows and overnight gains, its size has reached $88 billion. Only one and a half years after its establishment, it has become the 20th largest ETF in the United States and the 7th largest ETF of BlackRock (also its most profitable ETF).