BlackRock’s spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust (IBIT), has crossed the $700,000 threshold of Bitcoin holdings. The fund’s assets increased by an additional $164.6 million Monday, reaching approximately ~700,307 BTC, now worth an estimated $75.5 billion, according to Apollo co-founder Thomas Fahrer.
The fund also added 1,388 BTC in two trading sessions, bringing its total holdings from ~698,919 BTC as of Thursday to its latest, significantly higher mark. IBIT accounts for over 55% of all BTC held in US-listed spot Bitcoin ETFs.
In addition to the milestone, data provider Bitbo shows IBIT has delivered an 82.67% total return since its launch in January 2024. Of significance, reports suggest BlackRock now derives more revenue from IBIT than its flagship S&P 500 product, the iShares Core S&P 500 ETF.
Bitcoin Hoarding Outpaces Supply
Furthermore, Galaxy Research reports that combined holdings of Michael Saylor’s Strategy Inc. (the largest corporate holder) and US spot Bitcoin ETFs have generated more demand for Bitcoin than the amount newly mined each month so far this year, with one exception.
The combined entities purchased $28.22 billion worth of Bitcoin in 2025 while miners issued only $7.85 billion. As of June, this aggregate buying consistently outstripped new supply entering circulation, apart from February when combined ETFs and Strategy sold $842 million.
Regulators Eye Crypto ETF Streamlining
Separately, the US Securities and Exchange Commission is reportedly aiming to simplify the approval process for crypto ETFs. Under a proposed new procedure, issuers would submit an S-1 filing and await just 75 days for review; listing would then be possible if no objections are raised.
