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

BlockBeats News: On July 14th, Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on social media that the size of BlackRock's Bitcoin spot ETF IBIT may reach $100 billion this summer, and it may actually be realized this month. Thanks to recent capital inflows and overnight market surges, its size has reached $88 billion. Established only one and a half years ago, it has now become the 20th largest ETF in the United States and the 7th largest ETF in BlackRock (also ranking first in terms of profitability). It's unbelievable.