📍 Summary: According to BlockBeats, Michael Saylor, Chairman of Strategy, has expressed confidence that BlackRock's IBIT will become the largest ETF in the world in the next ten years. Currently, the IBIT has a market capitalization of $54 billion, with trading volume exceeding $1.5 billion on Thursday. In comparison, the largest ETF today is the Vanguard S&P 500 ETF (VOO), which has a market capitalization of $593.5 billion, ten times larger than the IBIT.
In the last five trading days, the IBIT has seen a net inflow of $1.3 billion, contributing to the increase in Bitcoin's price from approximately $85,000 to $94,000.
