TLDR Crypto · MISCELLANEOUS

MICHAEL SAYLOR BELIEVES BITCOIN ETF TO BE WORLD'S BIGGEST

coindesk.com5 min read

Summary from the TLDR Crypto newsletter

US spot Bitcoin ETFs saw over $2.8 billion in net inflows over the past six trading days, helping bring Bitcoin from $85,000 to $94,000, with BlackRock's IBIT ETF attracting $1.3 billion. IBIT holds a $54 billion market cap, while Vanguard's S&P 500 ETF is approximately 10x bigger. Strategy CEO Michael Saylor forecasts IBIT will be the world's largest ETF in a decade, while Bloomberg analyst Eric Balchunas noted this would require sustained daily inflows of $3-$4 billion.