According to @EricBalchunas, BlackRock is converting two of Rick Rieder's mutual funds into ETFs with a combined $3 billion in assets under management, source: @EricBalchunas on X. According to @EricBalchunas, Rieder's existing active ETF BINC has reached $12 billion in AUM in roughly 2.5 years on the market and ranks among the top five fastest-growing active ETFs ever, source: @EricBalchunas on X. According to @EricBalchunas, he suggested BINC's rapid growth likely influenced BlackRock's conversion decision, source: @EricBalchunas on X. According to @EricBalchunas, the post did not mention any cryptocurrencies or crypto ETFs, source: @EricBalchunas on X.