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Beauty

07/15 03:59

Eric Balchunas is predicting BlackRock's IBIT to h

Eric Balchunas is predicting BlackRock's IBIT to hit $100B by the end of the month.
The Bloomberg analyst is hinging his prediction on a surge in inflows and Bitcoin's new highs.
IBIT has broken a streak of ETF records barely two years since its launch.
Days after becoming the fastest exchange-traded fund (ETF) to reach $80B in assets under management (AUM), BlackRock’s IBIT is eyeing another milestone. Bloomberg analyst Eric Balchunas is projecting the BlackRock Bitcoin ETF to clinch $100B in July, buoyed by a spike in inflows and a flash rally for the largest cryptocurrency.
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