Michael Saylor Predicts BlackRock’s Bitcoin ETF IBIT Will Surpass VOO with $48B AUM in Ten Years

Michael Saylor, executive chairman of MicroStrategy Inc., has predicted that BlackRock’s spot Bitcoin ETF, trading under the ticker IBIT, will become the largest ETF in the world within the next ten years. Currently, BlackRock’s IBIT has an assets under management (AUM) of $48 billion, compared to the Vanguard S&P 500 ETF (VOO), which has an AUM of $573 billion. BlackRock, the world’s largest asset manager with $11.475 trillion in assets under management, launched the IBIT ETF, which focuses on Bitcoin exposure. Saylor’s forecast was made at the Bitwise Summit and has garnered attention for the potential growth of cryptocurrency-based ETFs in the broader financial market. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant