PANews reported on April 25 that according to CoinDesk, in the past five trading days, the net capital inflow of US spot Bitcoin ETFs reached about 2.8 billion US dollars, pushing the price of Bitcoin from about 85,000 US dollars to 94,000 US dollars. Among them, the iShares Bitcoin Trust Fund (IBIT) under BlackRock alone contributed 1.3 billion US dollars of capital inflows. Michael Saylor, chairman of Strategy (formerly MicroStrategy), said at the Investor Day event: "In ten years, IBIT will become the world's largest ETF."

It should be noted that IBIT’s current market value is $54 billion, and its daily trading volume exceeded $1.5 billion on Thursday. In comparison, the world’s largest ETF, Vanguard S&P 500 Index ETF (VOO), has a market value of $593.5 billion, more than ten times that of IBIT. Bloomberg’s senior ETF analyst pointed out: “In theory, this is possible, especially when IBIT’s capital inflows exceed VOO. But it needs to attract more than $1 billion in funds every day - more likely to reach a scale of $3 billion to $4 billion per day to catch up. In short, the achievement of this goal depends on multiple extreme conditions, but it is not impossible.”