Bloomberg ETF Analyst: BlackRock’s IBIT Could Reach $100 Billion in Assets This Summer

According to a report by Jinse Finance, Bloomberg ETF Senior Analyst Eric Balchunas stated on social media that BlackRock’s spot Bitcoin ETF, IBIT, could reach $100 billion in assets under management this summer—possibly even as soon as this month. Thanks to recent capital inflows and overnight market gains, its assets have already reached $88 billion. Having been established for only a year and a half, it has now become the 20th largest ETF in the United States and BlackRock’s 7th largest ETF.