BlockBeats News, April 25, according to Coindesk, Strategy Chairman Michael Saylor said: "BlackRock's IBIT will become the world's largest ETF within ten years." IBIT currently has a market value of $54 billion, with a trading volume exceeding $1.5 billion on Thursday. In comparison, the largest ETF by market value currently is the Vanguard S&P 500 ETF (VOO), with a market value of $593.5 billion, ten times larger than IBIT.
Over the past five trading days, IBIT has seen a net inflow of $1.3 billion, driving Bitcoin's price up from around $85,000 to $94,000.