TechFlow, October 7 — Bloomberg senior ETF analyst Eric Balchunas posted on X that BlackRock's Bitcoin exchange-traded fund IBIT is on the verge of reaching a market capitalization of $100 billion. Based on current assets under management, IBIT has become BlackRock's most profitable ETF, significantly exceeding profitability expectations. According to official data from BlackRock, as of October 3, IBIT's Bitcoin holdings reached 783,767.8438 BTC, with a market value of approximately $95.922 billion.
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