BlackRock Bitcoin ETF Poised to Top Global Charts, Claims Strategy CEO

Michael Saylor, the CEO of Strategy, believes that BlackRock’s iShares Bitcoin Trust (IBIT) is set to become the world’s largest ETF within the next decade. Although this prediction is quite bold—especially in a market dominated by S&P 500 giants—Saylor’s confident track record makes his forecast hard to ignore.

Right now, the leaders in the ETF industry include Vanguard’s S&P 500 ETF (VOO), which leads with over $573 billion in assets, along with SPY and IVV, each boasting more than $500 billion in assets under management. In comparison, IBIT is still at an early stage, yet it is quickly gathering momentum.

At present, BlackRock (NYSE: BLK), through IBIT, holds more than 582,000 bitcoins, valued at over $54.2 billion. This positions it just shy of ranking among the top 35 ETFs by assets, even as its daily trading volumes exceed 45 million shares.

This spike in activity is particularly striking considering that just a few years ago, Bitcoin wasn’t even on the radar of many institutional investors. The growing institutional interest in this digital asset class marks a significant shift in the investment landscape.

It isn’t the first time Saylor has made outlandish forecasts about Bitcoin. In the past, he suggested that Bitcoin could someday reach a value of $13 million per coin. While these figures may appear overly optimistic, his history of early bets on the cryptocurrency lends more credibility to his predictions.

Ultimately, if a spot Bitcoin fund supported by BlackRock manages to outpace traditional equity benchmarks, it could signal a transformation in the ETF world—one with implications far beyond crypto. Whether IBIT will ultimately overtake the legacy industry giants remains to be seen.