BlackRock (BLK) has turned its Bitcoin ETF into a dominant force in the cryptocurrency market—the iShares Bitcoin Trust (IBIT) fund has just passed the 700,000 Bitcoin mark. That represents $75.5 billion, and the figure continues to grow every day.
🚨 Blackrock Buys 1388 Bitcoin
Now Holds 700,000 BTC 🤯 pic.twitter.com/RsQVEnqcqb
— Thomas Fahrer (@thomas_fahrer) July 8, 2025
Looking at the broader impact, BlackRock now controls more than half—55% to be exact—of all Bitcoins held in U.S. spot ETFs, and this has occurred in just over a year since the fund launched in January 2024.
The appetite for Bitcoin is growing faster than the yield itself. On July 7, IBIT received another inflow of $164.6 million. Over two trading days, the fund added 1,388 Bitcoins to its holdings—even though the price per coin is now hovering around $108,000.
Source: Farside Investors
The fund has returned 82.67% since launch. BlackRock is now making more money from its Bitcoin fund than from its flagship iShares Core S&P 500 ETF. This means the world’s largest asset manager is earning more profit from Bitcoin than from traditional U.S. stocks, highlighting a significant shift in the priorities of major financial institutions.
Meanwhile, U.S. Bitcoin ETFs, along with Michael Saylor’s Strategy (MSTR), are acquiring Bitcoins at a faster rate than miners are producing them. Almost every month this year, these institutions have purchased more coins than have been newly mined.
U.S. Bitcoin ETFs & @MicroStrategy have combined to purchase the entire Bitcoin block reward (net new issuance) and more every month of 2025 except February. pic.twitter.com/MqMrn3CIGn
— Galaxy Research (@glxyresearch) July 7, 2025
The numbers are clear: ETFs and MicroStrategy bought $28.22 billion worth of Bitcoin in 2025, while miners produced only $7.85 billion worth of new coins. The only exception was February when institutional investors had a net outflow of $842 million worth of Bitcoin.
This dynamic results in shrinking supply and growing demand—a straightforward example of basic economic principles.
Furthermore, the Securities and Exchange Commission (SEC) is preparing to simplify the approval process for crypto ETFs. Issuers will now only need to file a Form S-1 and wait 75 days—if the SEC has no objections, the ETF can be listed on the exchange.
BlackRock appears poised to continue expanding its Bitcoin holdings. When the world’s largest financial corporation invests in Bitcoin on such a scale, it is no longer an experiment—it is a deliberate strategy. Given IBIT’s growth rate and the evolving regulatory environment, the coming months could mark a pivotal period for the entire industry.
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Source:: 700,000 BTC in One Hand: BlackRock Controls Half of the Bitcoin ETF Market