#BTC☀️
Saylor predicts which bitcoin ETF will dominate the stock markets
The president of Strategy believes that the bitcoin-based financial instrument will be the largest in the entire ETF industry.
In a world where bitcoin (BTC) gains ground every day, Michael Saylor, president of Strategy, made a prediction during an event in New York.
The entrepreneur claimed that the iShares Bitcoin Trust (IBIT), managed by BlackRock, will position itself as the largest exchange-traded fund in the world in the next decade.
Saylor shared his forecast at the Bitcoin Standard Corporations Investor Day, held yesterday, according to journalist Eleanor Terrett.
The president of Strategy, a company known for holding the largest amount of BTC in the treasuries of a public company, stated that IBIT will be “the largest ETF in the world in ten years.”
This fund, which invests directly in bitcoin, has shown significant growth since its launch.
Regarding its performance, data from SoSoValue reveals that IBIT has accumulated 54 billion dollars in net assets since January 2024.
Advertising
In just 15 months, the ETF attracted accumulated capital flows of 40 billion dollars, with a daily net inflow of 327 million dollars recorded yesterday.
In just 15 months, the ETF attracted accumulated capital flows of 40 billion dollars, with a daily net inflow of 327 million dollars recorded yesterday.
Chart of accumulated capital flows of the bitcoin ETF IBIT.
In 15 months, the ETF attracted accumulated capital flows of USD 40 billion. Source: SosoValue.
In addition, the fund holds 586,148 BTC in its holdings, far surpassing its closest competitor, the Grayscale ETFs, which hold 233,882 BTC.