BlackRock's iShares Bitcoin Trust (IBIT) has surpassed a significant milestone, now holding over 700,000 Bitcoin, worth approximately $75.5 billion . This milestone underscores the increasing institutional demand for Bitcoin and the success of spot Bitcoin ETFs in the United States.
According to Apollo co-founder Thomas Fahrer, BlackRock, the world's largest asset manager, now holds 700,307 BTC in its iShares Bitcoin Trust (IBIT) ETF . BlackRock's own iShares website shows IBIT held 698,919 BTC as of Thursday, and as such, the fund added 1,388 BTC in two trading sessions . IBIT accounts for more than 55% of the total BTC held in US spot Bitcoin ETFs, according to Bitbo .
Since its inception in January 2024, the fund has delivered a total return of 82.67% . The recent Bitcoin milestone comes amid reports that BlackRock now earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF .
Meanwhile, US Bitcoin exchange-traded funds, combined with Michael Saylor's Strategy, the largest corporate holder of Bitcoin, have purchased more Bitcoin than the supply generated by miners almost every month so far this year, according to Galaxy Research . Specifically, Strategy and the US Bitcoin ETFs have collectively bought Bitcoin worth $28.22 billion in 2025, while Bitcoin miners' net new issuance has amounted to $7.85 billion during the same period .
BlackRock, Inc is a multinational investment company headquartered in NYC. It is considered the world's largest asset manager with offices in 30 countries and clients in 100 countries . With the recent approval by the SEC for bitcoin spot market exchange-traded fund (ETF), BlackRock launched its Ishares Bitcoin Trust(IBIT) .
IBIT enables investors to get exposure to bitcoin through the convenience of an exchange-traded fund, helping remove the operational and custody complexities of holding bitcoin directly .