BlackRock’s spot bitcoin exchange-traded fund (IBIT) is up $13 billion since Donald Trump’s win on November 5.
Since Donald Trump won on November 5, the iShares Bitcoin Trust has surpassed $40 billion in assets just 10 months after its launch, according to Yahoo Finance data.
This success puts IBIT in the top 1% of largest ETFs in record time, according to Bloomberg Intelligence analyst Eric Balchunas.
“We had some pretty optimistic forecasts, but I don’t think anyone would put it as a fundamental or perhaps even a bull case that year one will rewrite the record book for inflows into the ETF category,” said Robbie Mitchnick, head of digital assets at BlackRock.
Source: www.dunya.com
