Bloomberg Analyst: BlackRock's Bitcoin Spot ETF asset management scale has ranked in the top 2% of all ETFs

Bloomberg Senior ETF Analyst Eric Balchunas posted on social media, "BlackRock's Bitcoin spot ETF IBIT performed exceptionally well last week, with new funds reaching $1.1 billion. This is the best single-week performance since March and surpassed VTI, ranking third in the annual fund inflow list (which is incredible for new products launched later this year, especially when other products in the top five all have a history of over 20 years and assets exceeding $300 billion). The assets under management of IBIT are $26 billion, ranking in the top 2% of all ETFs."