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

ETF senior analyst Eric Balchunas wrote that the size of the iShares Bitcoin Spot ETF IBIT, under BlackRock, may reach $100 billion this summer, and it might even happen this month. Thanks to recent inflows and overnight market gains, its size has already reached $88 billion. Established just a year and a half ago, it has now become the 20th largest ETF in the U.S. and BlackRock's 7th largest ETF.