According to Wu, Bloomberg senior ETF analyst Eric Balchunas tweeted that the market capitalization of BlackRock's Bitcoin ETF IBIT is just a step away from reaching 100 billion USD. Based on the current Assets Under Management, IBIT has now become BlackRock's most profitable ETF, with profits far exceeding expectations.
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According to Wu, Bloomberg senior ETF analyst Eric Balchunas tweeted that the market capitalization of BlackRock's Bitcoin ETF IBIT is just a step away from reaching 100 billion USD. Based on the current Assets Under Management, IBIT has now become BlackRock's most profitable ETF, with profits far exceeding expectations.