Bloomberg ETF Analyst: BlackRock's IBIT Reaches $40 Billion Market Value in Just 211 Days
ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas disclosed on the X platform that BlackRock's IBIT reached a market value of $40 billion in just 211 days (only two weeks ago it reached $30 billion), breaking the record of 1,253 days held by IEMG. IBIT is now in the top 1% of all ETFs by asset size, surpassing the scale of all 2,800 ETFs launched in the past decade after just 10 months since its inception.
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