BlackRock iShares Bitcoin ETF Surges Past 700K BTC in Record-Breaking Run
2025-07-08 08:47:32
Main Idea
BlackRock's iShares Bitcoin Trust (IBIT) has surpassed 700,000 BTC in holdings, becoming the third-largest revenue driver among BlackRock's nearly 1,200 funds, highlighting the success of spot bitcoin ETFs in the investment landscape.
Key Points
1. BlackRock’s IBIT holds 700,000 BTC, surpassing other major ETFs like iShares Core S&P 500 ETF and iShares Russell 2000 ETF.
2. IBIT achieved this milestone in just 18 months, outpacing competitors like Fidelity’s FBTC (203,000 BTC) and Grayscale’s GBTC (184,000 BTC).
3. U.S. spot bitcoin ETFs, launched in January 2024, have attracted $50 billion in net inflows, marking them as the most successful ETF introductions ever.
4. IBIT is now the third highest revenue-generating ETF for BlackRock among its 1,197 funds.
5. Nate Geraci, president of The ETF Store, described the achievement as 'ridiculous,' emphasizing the rapid growth of IBIT.
Description
BlackRock’s iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin (BTC), according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap U.S. stocks. The figures beats the 600,000 BTC held by Strategy (MSTR), which started purchases in 2020, and compares with Fidelity FBTC's 203,000 BTC ...
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