BlackRock’s iShares Bitcoin ETF Breaks 700K BTC Barrier in Unprecedented Run
Hey everyone, have you seen what’s happening with BlackRock’s iShares Bitcoin Trust—known as IBIT? It just made history again. In just 18 months since its launch, IBIT has officially surpassed 700,000 Bitcoin under management. That’s not a typo—700,000 BTC. At today’s market value, that’s over $76 billion in assets. Just think about how huge that is—not just for BlackRock, but for the entire crypto and traditional finance space.
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To put that into perspective, this single ETF is now outpacing even the big legacy funds like the iShares Core S&P 500 ETF (IVV) and the iShares Russell 2000 (IWM) in terms of asset size. IBIT has essentially leapfrogged some of the biggest names in traditional investing and become BlackRock’s third-largest revenue-generating ETF across its nearly 1,200 products. That’s a major signal about where institutional money is headed.
And it’s not just IBIT making waves. The broader U.S. spot bitcoin ETF market has pulled in a staggering $50 billion in net inflows since launching in January 2024. But IBIT is clearly the leader of the pack. For comparison, Fidelity’s FBTC holds about 203,000 BTC, and Grayscale’s GBTC has 184,000 BTC. Even MicroStrategy, which was one of the earliest corporate giants to adopt Bitcoin, holds just around 600,000 BTC. IBIT has blown past them all.
What’s even more remarkable is that IBIT is now closing in on Satoshi Nakamoto —the mysterious creator of Bitcoin who’s estimated to hold about 1.1 million BTC. According to Bloomberg analysts, BlackRock is already about 62% of the way there. That’s wild to even consider. If these inflows continue at the current pace, BlackRock could theoretically become the largest single holder of Bitcoin within a year. The shift in power is unmistakable.
This kind of momentum also reinforces how quickly traditional finance is blending with the crypto ecosystem. Institutions aren’t just dipping their toes in anymore—they’re diving in headfirst. When the world’s largest asset manager gets this involved in Bitcoin, it’s not a passing trend. It’s a reshaping of how capital flows into digital assets.
So yeah, this isn’t just another market headline—this is a turning point. IBIT’s growth isn’t just about size, it’s about validation. It shows that Bitcoin is no longer fringe; it’s becoming a core financial asset. And the way things are heading, the crypto market may never look the same again.
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