BTC of 700,000 Achieved by BlackRock
BlackRock’s iShares Bitcoin Trust (IBIT), its spot Bitcoin exchange-traded fund, has achieved a monumental milestone, officially crossing the 700,000 BTC mark. This staggering holding, valued at approximately $75.5 billion at current prices, solidifies IBIT’s position as a colossus in the nascent U.S. spot Bitcoin ETF market. The fund registered another impressive $164.6 million inflow on Monday, contributing to its rapid accumulation.
According to Thomas Fahrer, co-founder of Apollo, IBIT now holds 700,307 BTC. BlackRock’s own iShares website confirmed the fund held 698,919 BTC as of the previous Thursday, indicating an addition of 1,388 BTC in just two trading sessions. This aggressive accumulation underscores BlackRock’s strategic intent to dominate the institutional Bitcoin investment landscape.
55% of Total Bitcoin Across US
Since its inception in January 2024, BlackRock’s IBIT has demonstrated unprecedented success, capturing a dominant share of the U.S. spot Bitcoin ETF market. The fund now accounts for more than 55% of the total Bitcoin held across all U.S. spot Bitcoin ETFs, according to Bitbo data. This commanding market share highlights IBIT’s appeal to institutional investors and retail clients seeking regulated and accessible exposure to Bitcoin.
The fund’s rapid growth is also reflected in its performance, having delivered a remarkable total return of 82.67% since its launch. This exceptional performance, combined with its high liquidity and the backing of the world’s largest asset manager, has made IBIT a preferred choice for capital flowing into the Bitcoin ecosystem.
IBIT’s Stellar Performance and Revenue Milestone
The success of BlackRock’s IBIT extends beyond mere asset accumulation; it’s also proving to be a significant revenue generator for the asset management giant. Recent reports indicate that BlackRock is now earning more revenue from its IBIT fund than from its flagship S&P 500 fund, the iShares Core S&P 500 ETF. This is a remarkable achievement, underscoring the immense profitability potential of Bitcoin ETFs for asset managers.
The high management fees, coupled with the massive assets under management, are translating into substantial revenue streams for BlackRock, further incentivizing its continued focus and investment in the digital asset space. This milestone signals a broader shift in the financial industry, where crypto-related products are becoming increasingly central to major players’ business models.
Bitcoin Hoarding: Demand Outstrips Supply
A critical dynamic in the current Bitcoin market is the phenomenon of demand consistently outpacing supply, largely driven by institutional accumulation. According to Galaxy Research, U.S. Bitcoin exchange-traded funds, combined with Michael Saylor’s Strategy (the largest corporate holder of Bitcoin), have collectively purchased more Bitcoin than the supply generated by miners in almost every month so far this year.
This imbalance creates a powerful upward pressure on Bitcoin’s price. Strategy and the U.S. Bitcoin ETFs have collectively bought Bitcoin worth an astounding $28.22 billion in 2025 alone, while Bitcoin miners’ net new issuance has amounted to only $7.85 billion during the same period. This stark disparity highlights a significant supply shock being absorbed by institutional demand, further tightening the available Bitcoin supply on exchanges.
US Bitcoin ETFs and Strategy
The combined purchasing power of Michael Saylor’s Strategy and the U.S. spot Bitcoin ETFs represents a formidable force in the Bitcoin market. As of June, these combined entities have consistently bought more Bitcoin than the new supply being generated each month, with the only exception being February, when the combined entities experienced a net sale of $842 million worth of Bitcoin.
This consistent absorption of new supply, coupled with the long-term holding strategies of these entities, contributes to Bitcoin’s scarcity and its potential for continued price appreciation. The synergy between corporate treasuries and regulated investment vehicles is creating a robust demand channel that is fundamentally reshaping Bitcoin’s market dynamics and its supply-demand equilibrium.
Crypto ETF Approvals Simplified
The impressive growth of Bitcoin ETFs is occurring amidst a thawing regulatory environment in the United States. The U.S. Securities and Exchange Commission (SEC) is reportedly looking to significantly simplify the crypto ETF approval process, a development that could further accelerate the launch of new digital asset products. Under the proposed new structure, ETF issuers would only need to file a Form S-1 and then wait for a 75-day period.
f the SEC raises no objections within this timeframe, the issuer would be permitted to list their ETF on an exchange. This streamlined process would dramatically reduce the time and complexity involved in bringing new crypto ETPs to market, fostering greater innovation and accessibility for investors.
The Future Landscape of Staked and Spot ETFs
The evolving regulatory landscape is also paving the way for more innovative crypto ETF products. Earlier this month, the REX-Osprey Solana and Staking ETF became the first ETF in the U.S. to offer investors exposure to a staked crypto ETF. This groundbreaking product provides investors with exposure to Solana (SOL) along with its staking rewards, allowing them to earn yield from their investment within a regulated ETF structure. This development signals a future where ETFs will not only track spot prices but also incorporate yield-generating mechanisms inherent to various blockchain protocols.
As regulatory clarity increases and the market matures, the range and sophistication of crypto ETFs are expected to expand significantly, offering investors diverse ways to engage with the digital asset economy.
