BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), is poised for historic growth, according to MicroStrategy Chairman Michael Saylor, who believes the fund will become the world’s largest ETF within the next decade.
Michael Saylor Predicts BlackRock’s IBIT Will Be World’s Largest ETF Within a Decade
Speaking at the Bitcoin Standard Corporation’s Investor Day, Saylor confidently stated that “IBIT will be the largest ETF in the world within a decade.”
Saylor’s bold prediction comes after a wave of significant capital inflows into U.S. spot Bitcoin ETFs, which have collectively generated $2.8 billion in net inflows over the past five trading sessions.
IBIT alone accounted for $1.3 billion of that total, helping the price of Bitcoin rise from around $85,000 to $94,000 in less than a week.
The fund currently has a market value of $54 billion, and daily trading volume topped $1.5 billion on Thursday.
By comparison, the world’s largest ETF, the Vanguard S&P 500 ETF (VOO), currently has a market cap of $593.5 billion, more than ten times IBIT’s. Still, industry experts say Saylor’s vision, while ambitious, is not entirely unattainable.
“It’s possible, especially if IBIT starts taking more cash than VOO, but that would require inflows well over $1 billion per day,” said Eric Balchunas, senior ETF analyst at Bloomberg.
“It’s more likely to be in the $3 billion to $4 billion per day range to gain ground. In short, some extraordinary things will have to happen, but it’s possible.”
*This is not investment advice.
