Michael Saylor: BlackRock IBIT will become the world's largest ETF within ten years

Michael Saylor, founder of Strategy Company, stated that the iShares Bitcoin Trust (IBIT) launched by BlackRock will become the world's largest exchange-traded fund (ETF) in the next ten years. IBIT currently has a market value of $54 billion, with a daily trading volume exceeding $1.5 billion. In the past five trading days, the net inflow of the U.S. spot Bitcoin ETF was about $2.8 billion, with IBIT accounting for $1.3 billion, contributing to the rise in the price of Bitcoin from around $85,000 to $94,000. In addition, the annualized return of the arbitrage trading of the Bitcoin ETF on the Chicago Mercantile Exchange (CME) has reached nearly 10%, indicating an increase in market risk appetite.