Michael Saylor, executive chairman of MicroStrategy and one of Bitcoin’s most vocal backers, said on 23 June that BlackRock’s spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust (ticker IBIT), is “on track” to become the largest ETF in the world before the end of 2025
Michael Saylor, executive chairman of MicroStrategy and one of Bitcoin’s most vocal backers, said on 23 June that BlackRock’s spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust (ticker IBIT), is “on track” to become the largest ETF in the world before the end of 2025. He attributed the projection to what he called persistent institutional demand for regulated Bitcoin exposure.
Industry data circulated by crypto-market analysts show the fund has already climbed to fourth place in year-to-date net inflows among all U.S. ETFs and ranks fifth over the past three years despite having launched only about 18 months ago. The inflow profile puts IBIT ahead of many long-established equity and bond funds.
The broader market backdrop remains supportive. Bitcoin-backed ETFs collectively attracted roughly US$1.02 billion in net subscriptions last week, their second consecutive week above the US$1 billion mark, while Ether-linked vehicles drew about US$40.24 million, according to industry tracker BTCTN.
Trading activity by BlackRock’s desk indicates some portfolio rebalancing. On-chain data reported by Cointelegraph show the asset manager sold 8,172 Ether valued at about US$18.4 million. Late Monday in New York, Bitcoin was up 1.7 percent at around US$102,000 and Ether had risen 3.1 percent to about US$2,300.
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