BlackRock iShares Bitcoin ETF surpasses 700K Bitcoin

BlackRock’s spot Bitcoin exchange-traded fund has just crossed over 700,000 BTC, worth approximately $75.5 billion, after registering another $164.6 million inflow on Monday

BlackRock, the world’s largest asset manager, now holds 700,307 BTC in its iShares Bitcoin Trust (IBIT) ETF, according to Apollo co-founder Thomas Fahrer.

Source: Thomas FahrerBlackRock’s own iShares website shows IBIT held 698,919 BTC as of Thursday, and as such, the fund added 1,388 BTC in two trading sessions.

IBIT accounts for more than 55% of the total BTC held in US spot Bitcoin ETFs, according to Bitbo. Since its inception in January 2024, the fund has delivered a total return of 82.67%.

The recent Bitcoin milestone comes amid reports that BlackRock now earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF.

Bitcoin hoarding outpaces supply

Meanwhile, US Bitcoin exchange-traded funds, combined with Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, have purchased more Bitcoin than the supply generated by miners almost every month so far this year, according to Galaxy Research.

Related: Strategy Inc vs. BlackRock: Which is the better Bitcoin proxy stock for your portfolio?

Strategy and the US Bitcoin ETFs have collectively bought Bitcoin worth $28.22 billion in 2025, while Bitcoin miners’ net new issuance has amounted to $7.85 billion during the same period.

As of June, the combined entities have bought more Bitcoin than the new supply being generated each month, except in February, when the combined entities sold Bitcoin worth $842 million.

Regulators warm up to crypto ETFs

Meanwhile, the United States Securities and Exchange Commission is reportedly looking to simplify the crypto ETF approval process.

Under the new structure, ETF issuers will only need to file Form S-1 and wait for 75 days. If the SEC has no objections, the issuer can list its ETF on the exchange.

Earlier this month, REX-Osprey Solana and Staking ETF became the first ETF in the US to offer investors exposure to a staked crypto ETF, with investors being given exposure to SOL along with its staking rewards.

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