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."
