BlackRock’s Bitcoin Spot ETF IBIT Poised to Hit $100 Billion This Summer, Says Bloomberg Analyst

BlackRock’s Bit spot ETF (IBIT) is rapidly gaining traction in the investment community, with Bloomberg Intelligence ETF Senior Analyst Eric Balchunas highlighting its potential to surpass $100 billion in assets under management this summer. The fund’s impressive growth is fueled by consistent capital inflows and strong overnight performance, pushing its current valuation to approximately $88 billion. Launched just 18 months ago, IBIT has quickly ascended to become the 20th largest ETF in the U.S. and ranks as BlackRock’s 7th largest and most profitable ETF. This remarkable expansion underscores the increasing institutional interest in crypto-related investment vehicles, reflecting broader market acceptance and the growing demand for diversified exposure to digital assets within traditional portfolios.