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BlackRock’s iShares Bitcoin ETF surpasses 700K BTC, holding 55% of the US ETF market, as Bitcoin ETF revenues overtake S&P 500 fund earnings.
Author: Akshat Thakur
Written On: Tue, 08 Jul 2025 11:20:01 GMT
July 8, 2025 – BlackRock’s iShares Bitcoin Trust (IBIT) has officially crossed the 700,000 BTC milestone, now holding over 55% of the total Bitcoin in all US spot Bitcoin ETFs. The fund’s Bitcoin holdings are valued at approximately $75.5 billion following a $164.6 million inflow on Monday.
According to Apollo co-founder Thomas Fahrer, BlackRock’s IBIT holds 700,307 BTC, with the iShares website confirming a figure of 698,919 BTC as of last Thursday. The fund added 1,388 BTC across just two trading sessions.
US Bitcoin ETFs, along with Michael Saylor’s Strategy, have consistently accumulated Bitcoin at a pace that exceeds miner issuance. So far in 2025, these entities have purchased Bitcoin worth $28.22 billion, while miners have only issued new BTC valued at $7.85 billion.
This accumulation trend—visible every month except February—has added significant buying pressure to the Bitcoin market, contributing to the ongoing price strength.
The US Securities and Exchange Commission (SEC) is reportedly moving to simplify the ETF approval process. Under the new approach, crypto ETF issuers would file Form S-1 and receive automatic approval within 75 days if no objections arise.
The move follows the success of products like IBIT and the recent approval of REX-Osprey’s Solana Staking ETF, the first US ETF offering exposure to staked crypto assets.
BlackRock’s IBIT not only leads the US Bitcoin ETF space but has also overtaken its own iShares Core S&P 500 ETF in revenue generation. This shift highlights how digital assets are becoming central to traditional asset managers, potentially signaling a long-term transformation in portfolio construction.
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