BlackRock’s iShares Bitcoin Trust (IBIT) is forecasted to become the globe’s most substantial ETF within a decade, as predicted by Strategy Chairman Michael Saylor during the Bitcoin Standard Corporations Investor Day in New York. This audacious prediction comes at a time when U.S. spot Bitcoin ETFs have recorded $442 million in net inflows on Thursday, propelling Bitcoin past $95,000.
Currently overseeing $54.2 billion in assets, IBIT would require surpassing the Vanguard S&P 500 ETF (VOO), which contains about $573.5 billion. BlackRock’s ETF has exhibited impressive momentum, securing $1.16 billion in Bitcoin acquisitions over a mere three-day span: $193.5 million on April 22, $643.2 million on April 23, and $327.3 million on April 24.
“IBIT is set to be the largest ETF globally in ten years,” Saylor remarked during his talk. The ETF has already displayed exceptional growth, achieving $10 billion in assets within just seven weeks after its January debut – the fastest growth trajectory for any ETF in history.
Bloomberg ETF analyst Eric Balchunas recognized the potential but highlighted the extraordinary conditions necessary. “It’s feasible if IBIT begins attracting more funds than VOO, but as it stands, that implies bringing in well over $1 billion daily, more like $3 billion or $4 billion each day if it’s looking to make up ground,” Balchunas commented.
The spike in ETF interest aligns with Bitcoin’s rise above $95,000, bolstered by several factors including President Trump’s indications of lowering Chinese import tariffs, new SEC Chairman Paul Atkins’ supportive crypto position, and anticipated Federal Reserve interest rate reductions in mid-2025.
U.S. spot Bitcoin ETFs have accumulated more than $37 billion in total net inflows since their January inception, with total assets under management surpassing $100 billion. IBIT is at the forefront, recently achieving the title of “Best New ETF” at the etf.com awards.
At the time of publication, Bitcoin maintains its position above crucial psychological thresholds as institutional investments keep flowing through regulated ETF channels, with BlackRock’s assertive acquisition strategy indicating increasing confidence in the asset class.