According to Eric Balchunas, senior ETF analyst at Bloomberg, BlackRock ETFs are on the verge of surpassing State Street to become the number one ETF in terms of total trading volume, which would be a major disruption as State Street has held the top spot since day one in 1993. Ironically, at the same time, BlackRock is on the verge of being overtaken by Vanguard in terms of asset size.
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BlackRock ETF volume will surpass State Street Bank, rewriting the market landscape for the first time in 30 years.
According to Eric Balchunas, senior ETF analyst at Bloomberg, BlackRock ETFs are on the verge of surpassing State Street to become the number one ETF in terms of total trading volume, which would be a major disruption as State Street has held the top spot since day one in 1993. Ironically, at the same time, BlackRock is on the verge of being overtaken by Vanguard in terms of asset size.