"BlackRock IBIT, AUM $100 billion imminent…fastest-ever record within reach"
Suehyeon Lee
Summary
- BlackRock's Bitcoin spot ETF IBIT is said to be on the verge of surpassing assets under management (AUM) of $100 billion.
- Analyst Eric Balchunas said IBIT is showing the highest profitability among all of BlackRock's ETFs.
- IBIT was assessed to have approached the all-time shortest-time $100 billion AUM record in just 435 days.
BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) 'IBIT' appears to be on the verge of surpassing assets under management (AUM) of $100 billion.
On the 7th (local time), Eric Balchunas, a Bloomberg analyst, said on X, "IBIT is currently only $2 billion short of $100 billion, and it is showing the highest profitability among all of BlackRock's ETFs."
He added, "Among all ETFs, the product that reached $100 billion the fastest was 'VOO', which took 2011 days," and "IBIT approached that record in just 435 days. It's overwhelming in terms of speed," he assessed.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.