BlackRock’s Bitcoin spot exchange-traded fund (IBIT) now holds over 700,000 BTC, with the total market valuation reaching approximately $75.5 billion.
According to Thomas Fahrer, co-founder of Apollo, IBIT’s current Bitcoin holdings stand at 700,307 BTC. This substantial accumulation positions IBIT among the largest institutional Bitcoin holders globally.
The milestone underscores accelerating mainstream adoption of cryptocurrency investment vehicles amid growing demand for transparent, regulated exposure to digital assets. IBIT’s rapid accumulation reflects robust institutional confidence in Bitcoin as a store of value.
Market analysts highlight the fund’s holdings represent a significant portion of Bitcoin’s total circulating supply, potentially influencing long-term supply dynamics within digital asset markets.