BlackRock Holds Nearly 697K BTC in Spot Bitcoin ETF
BlackRock's IBIT holds 696,874 BTC (~$74B), marking over 3.3% of Bitcoin supply via its spot ETF.
- BlackRock’s IBIT holds ~696,874 BTC, valued at ~$74B.
- This represents roughly 3.3% of total Bitcoin supply.
- IBIT leads US spot Bitcoin ETFs with premium liquidity and inflows.
BlackRock’s BTC Hoard Hits New High
BlackRock’s iShares Bitcoin Trust (IBIT) now holds a staggering 696,874 BTC, worth approximately $74 billion as of July 1, 2025. This represents about 3.3% of Bitcoin’s total 21 million supply, making IBIT the largest institutional holder among U.S. spot Bitcoin ETFs.
This massive BTC reserve underscores BlackRock’s aggressive strategy and strong conviction in Bitcoin’s role as a long-term store of value. It also reflects growing institutional appetite for regulated, exchange-traded exposure to crypto assets.
What’s Driving the Boom?
Institutional Demand Is Surging
BlackRock’s IBIT continues to dominate the spot Bitcoin ETF space. It controls more than half of the U.S. market share and recorded over $3.7 billion in new inflows in June alone. Institutions are choosing IBIT for its transparency, regulation, and easy exposure to Bitcoin.
Liquidity & Real-Time Tracking
IBIT benefits from deep market liquidity and real-time tracking of Bitcoin prices. With its assets securely custodied by Coinbase Prime, IBIT offers peace of mind for large investors and portfolio managers seeking crypto exposure without managing private keys or wallets.
Why It Matters
- Supply squeeze intensifies
With nearly 697,000 BTC under management, BlackRock’s holdings alone represent a significant chunk of circulating Bitcoin. Combined with other ETFs, institutional players now hold over 6% of total supply. - Institutional validation
BlackRock’s continued expansion in BTC holdings further legitimizes Bitcoin in the eyes of traditional finance. The speed at which IBIT reached $70B AUM outpaces most ETFs in history. - Price impact and market dynamics
As major funds lock up more of the fixed Bitcoin supply, price movements could become increasingly sensitive to ETF flows. This could support
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