BlockBeats News, October 21, Bloomberg senior ETF analyst Eric Balchunas stated on social media, "The Bitcoin spot ETF IBIT launched by BlackRock performed exceptionally well last week, with new inflows of $1.1 billion, marking the best single-week performance since March, surpassing VTI and ranking third on the annual inflow list (this is simply incredible for new products launched later in the year, especially considering that the other top five products have been around for over 20 years and have assets exceeding $300 billion). IBIT has assets under management of $26 billion, ranking in the top 2% of all ETFs."