Bloomberg analyst: BlackRock IBIT assets are equivalent to the sum of 50 Europe-focused ETFs

Bloomberg analyst Eric Balchunas wrote on the X platform that the asset size of BlackRock's bitcoin spot ETF "IBIT" is equivalent to the sum of 50 European-focused ETFs (region + single country), which have been in existence for 20 years.
In addition, ETF and technology strategist Todd Sohn believes that the investment climate in Europe has bottomed out and cannot get any worse.