It is a big call, but not an unprecedented. The CEO of the Michael Saylor strategy has foreseen This Ishares Bitcoin Trust of Blackrock (Ibit) will become the largest ETF in the world in the next 10 years. It is a daring graphic to draw on a market still led by the giants of the S&P 500 – but again, it's Michael Saylor.
Currently, the ranking is a familiar range: the S&P 500 ETF from Vanguard (VOO) is at the top, with more than $ 573 billion in management. Spy and IVV complete the trio, each comfortably more than $ 500 billion. Ibit, on the other hand, is just beginning – but what is missing on the scale, he compensates in the momentum.
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To date, BlackRock contains more than 582,000 BTC via IBIT, worth more than 54.2 billion dollars. This puts it just below the 35th largest ETF by AUM, but it already displays daily negotiation volumes north of 45 million shares.
However, this kind of activity peak does not go unnoticed – especially when you talk about a class of assets that was not even on most institutional radar a few years ago.
These are not the first disproportionate forecasts of Saylor on Bitcoin. He previously suggested that the assets could possibly reach an assessment of $ 13 million per room. Perhaps it is too optimistic, but its history of Paris early and overtakes mean that predictions like this tend to land with more weight than most.
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What is it said about the direction of Espace ETF? If a Bitcoin Spot fund supported by Blackrock can exceed the traditional benchmarks of actions, it is a change with implications far beyond the crypto. However, it remains to be seen if Ibit can skip the inherited giants.
