BlackRock iShares Bitcoin ETF Surges Past 700K BTC in Record-Breaking Run

July 8, 2025

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Jul 8, 2025, 8:01 a.m.

BlackRock’s IBIT now holds 700,000 BTC and has gathered $76 billion in assets under management, surpassing major ETFs like IVV (S&P 500) and IWM (Russell 2000).
Since their introduction just 18 months ago, U.S. spot bitcoin ETFs have attracted $50 billion in net inflows, with IBIT leading the charge.
Grayscale’s GBTC and Fidelity’s FBTC hold 184,000 BTC and 203,000 BTC respectively.

BlackRock’s iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin

, according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF(IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF(IWM), which tracks the performance of small-cap U.S. stocks.

The figures beats the 600,000 BTC held by Strategy (MSTR), which started purchases in 2020, and compares with Fidelity FBTC’s 203,000 BTC and Grayscale GBTC’s 184,000 BTC.

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“New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous,” , president of The ETF Store, commented in a post on X.

The U.S. spot bitcoin exchange-traded funds (ETFs) debuted in January 2024 and have become the most successful ETF introductions of all time. Since inception, they have attracted .

IBIT is now the third highest revenue-generating ETF for BlackRock across all its ETF products. Senior Bloomberg ETF analyst noted that BlackRock operates a total of 1,197 funds.

James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.

In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).