BlackRock’s spot Bitcoin ETF has surpassed 700,000 BTC in holdings—valued at roughly $75.5 billion—following a $164.6 million inflow on Monday.
According to Apollo co-founder Thomas Fahrer, BlackRock now holds 700,307 BTC in its iShares Bitcoin Trust (IBIT), solidifying its position as the world’s largest asset manager with significant exposure to Bitcoin.
According to BlackRock’s iShares website, the IBIT fund held 698,919 BTC as of Thursday, meaning it added 1,388 BTC over the last two trading sessions.
IBIT now represents over 55% of all Bitcoin held by U.S. spot Bitcoin ETFs, based on data from Bitbo. Since launching in January 2024, the fund has posted a total return of 82.67%.
This latest milestone comes alongside reports that BlackRock is now generating more revenue from its IBIT fund than from its flagship iShares Core S&P 500 ETF.
Bitcoin Accumulation Outpacing New Supply
According to Galaxy Research, U.S. Bitcoin ETFs—alongside Michael Saylor’s MicroStrategy, the largest corporate Bitcoin holder—have consistently purchased more Bitcoin than miners have produced in nearly every month of 2025.
Together, MicroStrategy and the U.S. Bitcoin ETFs have acquired $28.22 billion worth of Bitcoin so far this year, while miners have issued only $7.85 billion in new supply.
As of June, their combined monthly purchases have outpaced new Bitcoin issuance each month, with the sole exception of February, when they collectively sold $842 million worth of Bitcoin.
Regulators Show Growing Support for Crypto ETFs
The U.S. Securities and Exchange Commission is reportedly working to streamline the approval process for crypto ETFs.
Under the proposed changes, issuers would only need to file a Form S-1 and wait 75 days. If the SEC raises no objections during that period, the ETF can be listed on an exchange.
Earlier this month, the REX-Osprey Solana and Staking ETF became the first in the U.S. to offer exposure to a staked crypto asset, giving investors access to both SOL and its associated staking rewards.
