Wall Avenue funding large BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Belief (NASDAQ: IBIT), surpassed 700,000 BTC in belongings beneath administration after the ETF registered one other $164.6 million in influx on Monday.
Based on the official iShares web site, IBIT had accrued 698,919 BTC, price $76.15 billion, on July 3. It then noticed round 1,510 BTC in web inflows when the markets reopened yesterday following the three-day Independence Day weekend in america. This introduced the asset supervisor’s complete holdings beneath its spot Bitcoin ETF to 700,307 BTC, valued at $76.30 billion.
BlackRock’s IBIT Now Holds 700K+ BTC, Turns into Agency’s Third-High ETF
The fund now accounts for greater than 55% of the full Bitcoins held beneath the 12 Spot Bitcoin ETFs at present buying and selling within the US. The Constancy Smart Origin Bitcoin Fund ETF (CBOE: FBTC) is the second-largest, with 203,508 BTC ($22.18 billion) in belongings beneath administration, adopted by Grayscale Bitcoin Belief (NYSE: GBTC) with 184,226 BTC ($20.08 billion) in AUM.
IBIT is now the third-highest revenue-generating ETF for BlackRock beneath its iShares model, which manages over 1,400 ETFs monitoring 800 totally different monetary merchandise, and is just $9 billion shy of its primary product, the iShares Russel 1000 Development ETF (IWF), which is a $104.58 billion fund measuring the efficiency of enormous and mid-cap progress sectors of the US inventory market.
What makes this feat much more exceptional is that IBIT has solely been in the marketplace for 18 months. Since its launch in January 2024, the fund has delivered a complete ROI of 82.67%.
Simply final week, Bloomberg reported that IBIT now earns extra income for BlackRock than its flagship product, the iShares Core S&P 500 ETF (IVV), which debuted in 2000 and manages over $624 billion in belongings. The corporate’s spot Bitcoin ETF managed to earn $100,000 extra in annual charges at $187.2 million, in comparison with IVV’s $187.1 million, regardless of having the next expense ratio, reflecting the rising investor demand for BTC and their willingness to pay extra for regulated publicity to the best-performing monetary asset on the earth.
IBIT managed to overhaul Grayscale’s GBTC by AUM inside months of its debut, regardless of the latter having a headstart over the opposite US spot Bitcoin ETFs in belongings earlier than its conversion to an ETF.
IBIT Accounts for 56% of the 1.25 Million BTC Held By All US Spot Bitcoin ETFs
Based on knowledge from CoinGlass, the mixed belongings held by all spot Bitcoin ETFs within the US now stand at roughly 1.25 million BTC, which is price $135 billion. This lot represents almost 6% of the apex cryptocurrency’s 21 million complete provide. IBIT accounts for 56% of that AUM alone, with solely Technique’s (previously MicroStrategy) treasury stack of 597,325 BTC ($65 billion) coming shut as compared.
On Monday, the US Spot Bitcoin ETFs additionally surpassed $50 billion in cumulative influx since their debut in January 2024 and $14.5 billion year-to-date after the funds added one other $1.2 billion over the previous three buying and selling days. The mixed ETFs generated $407.8 million in web inflows on Wednesday, July 2, adopted by one other $601.8 million on Thursday, July 3. IBIT additionally leads the chart in mixed inflows with $52.9 billion.
The Bitcoin ETFs additionally generated $5.3 billion in buying and selling quantity on Thursday, their highest since Could, which was as soon as once more led by IBIT with $4.1 billion. Cumulative buying and selling quantity for the funds since their launch now stands at over $1 trillion. IBIT additionally accounted for round 80% of the $2.9 billion in buying and selling quantity on July 7.
A current report by Galaxy Analysis acknowledged that US Bitcoin ETFs and Michael Saylor’s Technique, the most important company holder of Bitcoin, have mixed to buy extra BTC than the availability generated by miners from block rewards each month of 2025, besides February.
On the time of writing, Bitcoin (BTC) is buying and selling at $108,809, up 0.21% within the final 24 hours. The iShares Bitcoin Belief ETF (IBIT) closed Monday’s buying and selling session at $61.40, down 0.60%.
