Michael Saylor: BlackRock's Bitcoin ETF will become the world's largest ETF within a decade

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PANews
04-25
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PANews news on April 25th, according to CoinDesk, over the past five trading days, the net capital inflow of US spot Bitcoin ETF reached approximately $2.8 billion, driving Bitcoin's price from around $85,000 to $94,000. Among them, BlackRock's iShares Bitcoin Trust Fund (IBIT) alone contributed $1.3 billion in capital inflow. Strategy (formerly MicroStrategy) Chairman Michael Saylor stated at the investor day event: "Within ten years, IBIT will become the world's largest ETF."

It needs to be clarified that IBIT currently has a market value of $54 billion, with a single-day trading volume exceeding $1.5 billion on Thursday. In comparison, the world's largest ETF - Vanguard S&P 500 ETF (VOO) - has a market value of $593.5 billion, more than ten times that of IBIT. Bloomberg's senior ETF analyst noted: "Theoretically, this is possible, especially when IBIT's capital inflow exceeds VOO. However, it would require attracting over $1 billion daily - more likely needing $3-4 billion daily - to catch up. In short, achieving this goal depends on multiple extreme conditions, but is not entirely impossible."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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