He pointed out that the current AuM places the fund as the 20th largest ETF in the US and the 7th largest for BlackRock. Remarkably, it is also the asset manager’s most profitable ETF, even though it is just 1.5 years old.
Observers pointed out that the recent price surge in Bitcoin would further spark renewed momentum and drive institutional capital into the fund.
“This week could mark a massive shift in allocation to BTC/IBIT should this pump continue – the money on the sidelines isn’t retail – it’s smart money. Hw long can they sit by and watch this train roll past without action? The career risk to not owning a substantial amount of Bitcoin is getting larger by the hour.”
