Bloomberg analysts: IBIT's market capitalization is about to reach $100 billion, making it BlackRock's most profitable ETF to date

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that the asset management giant BlackRock's Bitcoin exchange-traded fund IBIT is just one step away from a market capitalization of $100 billion. Based on the current asset management scale, IBIT has now become BlackRock's most profitable ETF, with profits far exceeding expectations. According to official data from BlackRock, as of October 3, IBIT's Bitcoin holdings reached 783,767.8438 coins, with a market value of approximately $95.922 billion.