{"id":23769,"date":"2025-04-26T12:40:29","date_gmt":"2025-04-26T12:40:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23769"},"modified":"2025-04-26T12:40:29","modified_gmt":"2025-04-26T12:40:29","slug":"blackrocks-bitcoin-etf-will-be-the-worlds-biggest-etf-in-a-decade-michael-saylor-says-2","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23769","title":{"rendered":"BlackRock\u2019s Bitcoin ETF Will Be the World\u2019s Biggest ETF in a Decade, Michael Saylor Says"},"content":{"rendered":"<div>\n<p>U.S. spot bitcoin (BTC) ETFs have recorded approximately <a href=\"https:\/\/farside.co.uk\/btc\/\">$2.8 billion in net inflows<\/a> over the past five trading days, contributing to driving the price of bitcoin higher from around $85,000 to $94,000. The iShares Bitcoin Trust (IBIT) has accounted for $1.3 billion of these inflows alone.<\/p>\n<p>Michael Saylor, Chairman of the largest listed bitcoin holder Strategy (MSTR), stated that &#8220;IBIT will be the biggest ETF in the world in ten years.&#8221; Saylor made the comments at the Bitcoin Standard Corporation\u2019s Investor Day.<\/p>\n<p>To put this into perspective, IBIT currently has a market capitalization of $54 billion and on Thursday over $1.5 billion in volume. In comparison, the largest ETF by market cap, the Vanguard S&amp;P 500 ETF (VOO), boasts a market capitalization of $593.5 billion, more than ten times that of IBIT.<\/p>\n<p><a href=\"https:\/\/x.com\/EricBalchunas\/status\/1915477118193910270\">Eric Balchunas<\/a>, Senior ETF Analyst at Bloomberg, acknowledged the possibility of IBIT becoming the largest ETF, though he emphasized that it would be extraordinary. <\/p>\n<p>\u201cIt\u2019s possible, especially if IBIT starts taking in more cash than VOO, but that would require inflows well north of $1 billion a day\u2014more likely in the range of $3 to $4 billion daily, to gain ground. In short, some extraordinary things would have to happen, but it\u2019s possible,\u201d Balchunas noted.<\/p>\n<p>Meanwhile, the annualized basis trade for bitcoin ETFs, investors going long the ETF and short the CME bitcoin futures, has risen to nearly 10%, up from 5% in early April. This increase, coupled with a 2,000 BTC rise in futures open interest over the past week, suggests that a portion of the net ETF inflows may not be purely directional bets, but part of the basis trade. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. spot bitcoin (BTC) ETFs have recorded approximately $2.8 billion in net inflows over the past five trading days, contributing to driving the price of bitcoin higher from around $85,000 to $94,000. The iShares Bitcoin Trust (IBIT) has accounted for $1.3 billion of these inflows alone. Michael Saylor, Chairman of the largest listed bitcoin holder [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23769","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23769"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23769\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}