BlackRock’s Bitcoin ETF, IBIT, has close to $20 billion of assets and is in the top 3% for all ETFs. IBIT is rising as the Bitcoin halving approaches.
The Data From Bloomberg ETF analyst Eric BalchunasBlackRock’s Bitcoin ETF is now in the top 3 percent of all ETFs by total assets. Balchunas says that the IBIT assets will be directly correlated with Bitcoins’s value. next all-time high.
As of this morning, BlackRock’s IBIT assets under management totaled $18.96 billion and ranked 88th overall. The spot Bitcoin ETF is currently positioned above some of oldest ETFs on the market. This includes $EWJ, $SMHThen, $TIP.
Additionally, BTC rose to above $72,600 on Monday. It is currently trading at $72,000, but a bullish mood could push the top crypto to a higher peak than the one reached in March.
Bitcoin reached its current record high price of $73,737 on March 14, 2020. Analysts are predicting a massive price increase after halving the value of Bitcoin. Bitcoin’s price could soar well above $74,000 or even to $80,000, according to predictions.
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Source: watcher.guru
