BlackRock Bitcoin ETF Will Become the World’s Largest Bitcoin Price Soars to Over $95,000
Strategy Chairman Michael Saylor predicts Blackrock’s IBIT will become the world’s largest ETF within 10 years. The bold prediction is because the net inflow of US spot Bitcoin ETFs on Thursday was $442 million, pushing Bitcoin higher by more than $95,000.
IBIT currently manages $54.2 billion in assets and needs to exceed the Vanguard S&P 500 ETF (VOO), which holds approximately $573.5 billion. Blackrock’s ETF showed extraordinary momentum, accumulating $1.16 billion in bitcoin purchases in just three days: $193.5 million on April 22, $643.2 million on April 23 and $327.3 million on April 24.
“IBIT will be the world’s largest ETF in a decade,” Sailer said in his speech. The ETF has shown unprecedented growth, reaching $10 billion in assets within seven weeks of its launch in January, the fastest growth rate for any ETF in any history.
Bloomberg ETF analyst Eric Balchunas acknowledged the possibility but emphasized the special circumstances needed. If iBit starts to earn more cash than VOO, it may also be possible, but that means a price north of $1B per day, such as $3B or $4B per day (if you want to get the ground),” Balchunas noted.
The surge in ETF interest coincides with Bitcoin’s disruption of more than $95,000, including signs from President Trump on lowering import tariffs in China, support from new SEC chairman Paul Atkins, and expectations for the Fed’s reduction in mid-2015.
Since its launch in January, U.S. spot Bitcoin ETFs have now accumulated more than $37 billion in net inflows, with total assets under management exceeding $100 billion. IBIT led the competition and recently won the “Best New ETF” at the ETF.com Awards.
At press time, as institutional investment continues to grow through regulated ETF vehicles, Bitcoin remains above key psychological levels, BlackRock’s active accumulation strategy shows growing confidence in asset classes.
