Bloomberg ETF Analyst: BlackRock's IBIT scale may reach $100 billion this summer.

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On July 14, Eric Balchunas, a senior analyst at Bloomberg ETF, posted on social media that the scale of BlackRock's Bitcoin Spot ETF IBIT might reach 100 billion USD this summer, and it could actually happen this month. Thanks to recent capital inflows and the pump in overnight market conditions, its scale has already reached 88 billion USD. Established only a year and a half ago, it has now become the 20th largest ETF in the United States and BlackRock's 7th largest ETF (also its most profitable ETF). It's truly unbelievable.

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