Michael Saylor, Strategy Chairman, stated at an Investor Day event in New York that BlackRock's iShares Bitcoin Trust (IBIT) could grow to become the largest ETF in the world within ten years. This prediction aligns with recent strong performance in the crypto market, as Bitcoin surpassed $95,000 and U.S. Bitcoin ETFs garnered significant inflows. IBIT has experienced remarkable growth, reaching $10 billion in assets shortly after its launch. Insights into future growth potential indicate that extraordinary circumstances would be required for IBIT to surpass the Vanguard S&P 500 ETF (VOO) in total assets.
"IBIT will be the biggest ETF in the world in ten years," Saylor said during his presentation. The ETF has already shown unprecedented growth, reaching $10 billion in assets within seven weeks of its January launch - the fastest growth rate for any ETF in history.
The surge in ETF interest coincides with Bitcoin's break above $95,000, supported by multiple factors including President Trump's signals on reducing Chinese import tariffs, new SEC Chairman Paul Atkins' pro-crypto stance, and expectations of Federal Reserve rate cuts in mid-2025.
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