BlackRock’s iShares Bitcoin ETF Surpasses 700,000 Bitcoin
BlackRock‘s iShares Bitcoin ETF (IBIT) has crossed a major threshold, now holding over 700,000 Bitcoin. This represents 55% of all Bitcoin held by US spot Bitcoin ETFs, valued at approximately $75.5 billion. The milestone follows a $164.6 million inflow, demonstrating strong investor interest in cryptocurrency ETFs.
ETF Performance and Market Impact
Since launching in January 2024, the IBIT ETF has delivered an 82.67% return. Notably, BlackRock now earns more revenue from this Bitcoin fund than from its flagship S&P 500 ETF, signaling shifting investor preferences toward crypto assets.
Growing Demand for Bitcoin
US Bitcoin ETFs and MicroStrategy have been acquiring Bitcoin faster than miners can produce it. In 2025, these entities purchased $28.22 billion worth of Bitcoin, compared to $7.85 billion in new supply from miners. This imbalance underscores Bitcoin’s increasing appeal as a digital asset.
Regulatory Changes and Market Expansion
The SEC is streamlining its crypto ETF approval process. Under new rules, issuers need only file Form S-1 and wait 75 days for potential approval. This change may encourage more crypto ETFs to enter the market, following the precedent set by the REX-Osprey Solana and Staking ETF.
Key Highlights
- BlackRock’s IBIT holds 700,000+ Bitcoin worth $75.5 billion
- 82.67% return since January 2024 launch
- $28.22 billion in Bitcoin purchased by ETFs and MicroStrategy in 2025
- Simplified SEC approval process for future crypto ETFs
