Michael Saylor Sees BlackRock’s IBIT Becoming World’s Largest ETF as Bitcoin Holdings Grow

• Strategy Inc added over 6500 Bitcoin in one week showing strong belief in long term value.
• IBIT now controls nearly half of the US spot Bitcoin ETF market with assets above 52 billion.
• Bitcoin ETFs grew to 95 billion in one year while gold ETFs took two decades to hit 128 billion.

Michael Saylor, Executive Chairman of Strategy Inc., has projected a major shift in the ETF market. He predicted that BlackRock’s iShares Bitcoin ETF (IBIT) could become the world’s largest exchange-traded fund within ten years. This projection came during an investor event held in New York and hosted by Bitwise.

Strategy Inc. continued its aggressive Bitcoin acquisition strategy in April. Between April 14 and April 20, the company acquired 6,556 Bitcoin. The purchase cost approximately $555.80 million, with an average price of $84,785 per coin. This increased the firm’s total holdings to 538,200 Bitcoin units.

The total value of these holdings stands at roughly $36.47 billion. Strategy Inc. has acquired the assets at an average price of $67,766 per Bitcoin. The company’s consistent accumulation signals long-term belief in Bitcoin’s value and stability.

IBIT Gains Market Share in the ETF Space

BlackRock’s iShares Bitcoin ETF continues to attract capital at a rapid pace. After receiving regulatory approval in 2024, the ETF gained institutional interest quickly. By December, IBIT had already surpassed $50 billion in assets under management. That figure increased to $52.33 billion by January 2025.

IBIT now leads the U.S. spot Bitcoin ETF market. It has overtaken major competitors including Invesco QQQ Trust Series and Fidelity’s Wise Origin Bitcoin Fund. These funds hold $18.3 billion and $19.681 billion, respectively.

IBIT currently controls 48.7% of the total market share among spot Bitcoin ETFs. Analysts link this growth to increasing demand for regulated crypto investment options. Institutions appear to be using ETFs to gain exposure to Bitcoin without holding the asset directly.

Bitcoin Nears Key Levels as Investors Monitor Conditions

Spot Bitcoin ETFs collectively manage over 1 million BTC, now worth more than $95 billion. This growth has occurred in under 12 months. In comparison, gold ETFs took 20 years to reach $128 billion in total assets.

Bitcoin’s market strength has also driven its rise in the global asset rankings. It currently trades at $93,000 after a slight 0.97% decline over 24 hours. It now ranks as the sixth most valuable asset globally, ahead of Silver and Amazon.

Bitcoin is approaching a major psychological resistance level at $95,000. Analysts suggest a move past that level may lead to $98,000. Support remains near $91,000 and $88,500. Market volatility and inflation concerns may drive short-term trading behavior.