BlackRock’s Bitcoin Holdings Reach New Highs as IBIT Surpasses $80 Billion in Assets
2025-07-08 12:46:31
Main Idea
BlackRock’s iShares Bitcoin Trust (IBIT) has achieved significant growth, holding over 700,000 BTC and dominating the US Bitcoin ETF market with $80 billion in assets under management, while also surpassing traditional ETFs in revenue.
Key Points
1. BlackRock’s IBIT holds over 700,000 BTC, representing about 55% of all Bitcoin held by US spot Bitcoin ETFs.
2. IBIT has generated $187.2 million in annual fee revenue, surpassing the S&P 500 ETF (IVV) despite its smaller asset base.
3. ETF Store president Nate Geraci described IBIT’s rapid accumulation of 700,000 BTC in 18 months as 'ridiculous.'
4. BlackRock’s Ethereum ETF is also growing, nearing $5 billion in assets under management, complementing its Bitcoin ETF success.
5. IBIT’s success has attracted global attention, with institutions like Italy’s UniCredit linking to the fund for crypto investment solutions.
Description
BlackRock’s iShares Bitcoin Trust (IBIT) has surged to hold over 700,000 BTC, marking a significant milestone in the US spot Bitcoin ETF market. The fund now controls approximately 55% of
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