BlackRock’s iShares Bitcoin ETF Surpasses 700,000 BTC in Holdings
The iShares Bitcoin Trust, managed by the world’s largest investment firm BlackRock, has reached a new milestone — the number of bitcoins held in its custody has exceeded 700,000 BTC. This means the fund now accounts for 55% of all bitcoin held in spot exchange-traded funds (ETFs) traded on the U.S. market.
This achievement highlights the growing appeal of this investment vehicle among both institutional and retail investors. It also underscores BlackRock's rapid consolidation of its position in the crypto asset sector, particularly amid sustained interest in digital currencies from the traditional financial industry.
Launched in January 2024 under the ticker IBIT, the iShares Bitcoin Trust has quickly become the largest of its kind. Its market share continues to expand, reflecting investor confidence and the increasing recognition of bitcoin as an investment-grade asset within regulated financial instruments.
According to analysts, the total amount of bitcoin held across all U.S.-traded spot ETFs is approximately 1.3 million BTC. With more than half now concentrated in BlackRock’s fund, the company wields significant influence over the cryptocurrency market, particularly in terms of price formation and liquidity distribution.
Experts note that continued growth in the fund’s assets could lead to greater institutional control over bitcoin circulation, while also increasing stability and transparency in crypto investing.
Meanwhile, other ETF providers are seeing a decline in volumes, as capital shifts toward more reliable and recognizable structures. Although competition in the spot bitcoin ETF segment remains active, IBIT continues to lead in capital inflows and growth metrics.
The fund follows a long-term bitcoin holding strategy and does not engage in active trading. All assets are stored in custodial vaults with full transparency. This structure ensures compliance with regulatory standards and reduces risks associated with crypto market volatility.
As interest in the fund rises, institutional investors are increasingly discussing the inclusion of crypto assets in strategic portfolios. Simultaneously, debates grow about bitcoin’s potential as a hedge asset and a store of value.
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