BlackRock’s iShares Bitcoin Trust (IBIT) has officially topped 700,000 BTC in holdings, now valued at roughly $75.5 billion. The surge follows a fresh $164.6 million inflow recorded on Monday, highlighting sustained investor interest.
According to Thomas Fahrer, co-founder of Apollo, IBIT’s total Bitcoin holdings have reached 700,307 BTC. The latest data from BlackRock’s own site shows IBIT held 698,919 BTC as of Thursday, meaning the fund added 1,388 BTC over the course of two trading days.
IBIT currently represents over 55% of all Bitcoin held by U.S.-based spot Bitcoin ETFs, per Bitbo. Since its launch in January 2024, the ETF has seen an impressive 82.67% return.
Notably, reports suggest BlackRock is now earning more revenue from IBIT than from its well-known iShares Core S&P 500 ETF, a significant shift for the investment giant.
Bitcoin Demand Continues to Outpace Supply
According to Galaxy Research, U.S. spot Bitcoin ETFs — along with MicroStrategy, led by Michael Saylor — have consistently purchased more BTC than miners have been able to produce. So far in 2025, these institutional players have acquired Bitcoin worth $28.22 billion, while miners have only released $7.85 billion worth of new supply.
This trend has held steady every month this year, with the exception of February, when net outflows amounted to $842 million.
Regulators Ease Path for Crypto ETFs
Regulatory sentiment in the U.S. appears to be shifting in favor of crypto investment products. The SEC is reportedly planning to streamline the approval process for cryptocurrency ETFs. Under the proposed changes, fund issuers would only need to submit Form S-1 and wait 75 days — barring any objections — before listing on an exchange.
Additionally, the REX-Osprey Solana and Staking ETF launched earlier this month, marking a first-of-its-kind product in the U.S. that offers exposure to Solana (SOL) and its staking rewards, expanding the types of digital asset strategies now available to investors.
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