The post Michael Saylor says BlackRock’s Bitcoin ETF will be the world’s largest ETF ever appeared on BitcoinEthereumNews.com.

At the Bitcoin Standard Corporations Investor Day held in New York City on Thursday, Michael Saylor, Executive Chairman of MicroStrategy, told a room packed with corporate executives and institutional investors that BlackRock’s Bitcoin ETF, also called IBIT, will outgrow every ETF on the planet within ten years. “IBIT is going to be the largest ETF in the world,” Saylor said during his talk. The ETF was launched on January 11, 2024, and by press time, it has pulled in more than $53 billion in net assets. Within just seven weeks of launch, IBIT reached $10 billion, which made it the fastest-growing ETF in history. On April 22, the ETF had a 37.31% one-year return, and just a day later it raked in $643.16 million in new inflows—despite the current messiness of crypto prices. Saylor called Bitcoin the new anchor for corporate treasury strategy. He said companies are waking up to the fact that cash is weak and unstable in the long term. In his words, Bitcoin is “better than cash,” and he described it as a kind of future-proof money that can protect firms from inflation. Saylor said demand for Bitcoin-backed financial products like ETFs will rise as more companies start allocating their balance sheets into Bitcoin instead of letting inflation eat away at their fiat holdings. Bitcoin ETF inflows explode as institutions pile in While IBIT currently holds about $48 billion in assets under management, it’s still far behind giants like the Vanguard S&P 500 ETF, which holds $573 billion. But Saylor believes that IBIT could catch up fast if Bitcoin triples in value. He even said that it could give MicroStrategy the biggest cash reserve in the world. Since spot Bitcoin ETFs hit the US market, they’ve collected more than $37 billion in total net inflows. Together, they…

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Filed under: News - @ April 25, 2025 5:23 am