#BTCvsMarkets
Michael Saylor Says BlackRock’s Bitcoin ETF Will Be the Biggest in the World in 10 Years
Here’s what’s happening:
U.S. Bitcoin ETFs brought in $2.8 billion in just five days.
BlackRock’s iShares Bitcoin Trust (IBIT) pulled in nearly half—$1.3 billion.
This helped push Bitcoin’s price from $85,000 to $94,000.
Michael Saylor, the Chairman of Strategy (MSTR), believes IBIT will become the biggest ETF in the world within the next decade. He shared this bold prediction at an investor event in New York.
Eric Balchunas, a top ETF expert at Bloomberg, said there's a chance BlackRock’s Bitcoin ETF (IBIT) could become the biggest in the world. But he also pointed out that it would take something pretty amazing to make that happen.
“It could happen if IBIT starts getting more money coming in than big ETFs like VOO,” Balchunas said. “But we’re talking about over $1 billion every day—more like $3 to $4 billion daily—to really compete. So, yeah, it’s possible, but it would take some wild stuff.”
At the same time, traders are jumping on a strategy called the "basis trade." It involves buying the Bitcoin ETF and betting against Bitcoin futures. This move is becoming more popular, with profits now close to 10%, up from 5% earlier this month. Futures trading activity also picked up, suggesting not all ETF investments are simple long-term bets—some are part of this more complex strategy.