Michael Saylor Bets on BlackRock’s IBIT to Dominate the ETF Market

BlackRock’s Bitcoin exchange-traded fund (IBIT), launched in January 2024, has already secured over $53 billion in assets, achieving a record-breaking pace of growth within seven weeks. Following a strong one-year return of 37.31% as of April 22nd, IBIT saw another surge with over $643 million in daily inflows despite the volatile crypto market. Michael Saylor, renowned Bitcoin advocate and CEO of MicroStrategy, has predicted that this ETF will become the world’s largest.