Verified official Binance account
AI Summary
According to PANews, data released by Bloomberg analyst Eric Balchunas shows that as of June 3, BlackRock's Bitcoin Spot ETF (IBIT) has reached an important milestone. With an asset size of $72.4 billion, it has made the list of the 25 largest ETFs in the United States, becoming the youngest product on the list at just 1.4 years old. Balchunas suggested that by the end of next year, IBIT could surpass Satoshi's wallet to become the largest holder of Bitcoin in the world. Analysts believe this achievement underscores the strong appeal of ETFs in terms of convenience, low cost, high liquidity, and trust.
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