Bloomberg Analyst: BlackRock's IBIT asset size is equivalent to the sum of 50 ETFs focused on Europe

Bloomberg analyst Eric Balchunas posted on the X platform, stating that the asset size of BlackRock's Bitcoin spot ETF "IBIT" is equivalent to the total of 50 ETFs focused on Europe (region + single country), which have existed for 20 years.

In addition, ETF and technology strategist Todd Sohn believes that the investment environment in Europe has hit rock bottom and cannot get any worse.