IBIT Hits 700,000 BTC—Blackrock’s Grip on Bitcoin Tightens
2025-07-08 13:56:37
Main Idea
Blackrock's iShares Bitcoin Trust (IBIT) has reached a milestone by holding over 700,000 BTC, making it the largest spot bitcoin ETF in the U.S., and generating significant revenue for Blackrock.
Key Points
1. Blackrock's IBIT now holds over 700,000 BTC, worth approximately $76 billion.
2. IBIT is the largest spot bitcoin ETF in the U.S., holding more than any other U.S.-based spot bitcoin ETF.
3. The fund achieved this milestone in just a few months since its launch in January 2024.
4. IBIT is generating more revenue for Blackrock than its long-standing iShares Core S&P 500 ETF.
5. The success of IBIT raises questions about bitcoin's liquidity, price volatility, and market influence.
Description
Fresh spot bitcoin exchange-traded fund (ETF) numbers show Blackrock’s IBIT has hit a major milestone—after pulling in $164.64 million in inflows on Monday, the fund now holds a massive 700,000 BTC. Blackrock’s Ishares Bitcoin Trust (IBIT) just crossed a significant threshold, holding more than 700,000 BTC, worth roughly $76 billion. That puts IBIT at the
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