$100 Billion BlackRock Bitcoin ETF Prediction Revealed

Key Points

1. BlackRock’s IBIT is approaching $100 billion in assets, currently holding around $88 billion, with $12 billion left to reach the milestone.

2. IBIT is the largest Bitcoin ETF in the market and BlackRock’s most profitable ETF, trading at approximately $69 on NASDAQ.

3. The fund has grown rapidly, becoming the 20th largest ETF in the U.S. and the 7th largest under BlackRock in just 1.5 years.

4. Retail investors and advisors account for about $135 billion of the $150 billion held in U.S. Bitcoin ETFs, driving IBIT’s demand.

5. IBIT saw nearly $1 billion in daily inflows and $2.72 billion for the week, now holding over 3.6% of Bitcoin’s total supply.