Summary
- Analyst Eric Balchunas stated that the Bitcoin (BTC) spot ETF (IBIT) has achieved the third highest earnings among all 1,197 BlackRock funds.
- He reported that IBIT's earnings are just $9 billion short of BlackRock's number one fund, IWF.
- Despite being a new ETF launched only a year and a half ago, he evaluated IBIT's performance as truly outstanding.
Eric Balchunas, a Bloomberg ETF specialist analyst, announced on the 3rd (local time) through his X (formerly Twitter) account that among the total 1,197 funds managed by BlackRock, the Bitcoin (BTC) spot Exchange Traded Fund (ETF) IBIT currently records the third highest earnings.
He noted, "The profit that IBIT has generated for BlackRock is only $9 billion less than that of IWF, the top fund," adding that "considering that this ETF is a newcomer, launched only a year and a half ago, this is a truly remarkable result."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
