Michael Saylor, co-founder of MicroStrategy, forecasts that BlackRock iShares Bitcoin Trust (IBIT) will become the asset manager’s highest-earning ETF. This prediction follows Bloomberg data showing IBIT already ranks third among BlackRock’s 1,200+ funds, generating $191 million in annual revenue.
IBIT’s Meteoric Rise
Launched in January 2024, IBIT holds $76.31 billion in assets—triple Fidelity’s competing Bitcoin ETF. BlackRock earns 0.25% annually on these assets, covering custody, management, and compliance costs. Despite trailing the iShares Russell 1000 Growth ETF ($211 million revenue) and iShares Core S&P 500 ETF ($188 million), IBIT’s growth trajectory suggests it could soon lead.
Key Drivers
• Fee Advantage: IBIT’s 0.25% fee outpaces IVV’s 0.03%, enabling higher revenue despite smaller assets under management .
• Market Dominance: IBIT controls 77% of Bitcoin ETF inflows, with only one month of outflows since launch .
• Broader Adoption: Saylor links this to Bitcoin’s role as a “scarce, global monetary alternative” amid currency debasement concerns .
Contextual Insights
Saylor’s projection aligns with his $13 million Bitcoin price target by 2045 . IBIT’s $44.25 billion inflows in 2025 already challenge traditional leaders like Vanguard’s S&P 500 ETF.
