BlackRock Bitcoin ETF passes 700,000 BTC in volume
BlackRock’s IBIT surpasses 700,000 BTC, becomes largest spot Bitcoin ETF
BlackRock’s iShares Bitcoin Trust (IBIT) has officially crossed the 700,000 BTC threshold, securing its place as the largest spot Bitcoin ETF globally.
According to Apollo co-founder Thomas Fahrer, the fund now holds 700,307 BTC, valued at approximately $75.5 billion, after a fresh $164.6 million inflow on Monday, reports Cointelegraph.
BlackRock’s own website confirmed 698,919 BTC as of last Thursday, indicating that 1,388 BTC were added across just two trading sessions. Since launching in January 2024, IBIT has delivered a total return of 82.67%, capturing more than 55% of all BTC held by U.S. spot ETFs, per data from Bitbo.
ETF demand outpaces Bitcoin’s issuance
BlackRock’s milestone is emblematic of a broader trend: Bitcoin ETF demand is outstripping miner supply. According to Galaxy Research, U.S. Bitcoin ETFs — in conjunction with Michael Saylor’s Strategy, the largest corporate BTC holder — have purchased more Bitcoin than miners have created nearly every month in 2025. As of June, these entities had acquired BTC worth $28.22 billion, while miners have only produced $7.85 billion in new supply. The lone exception came in February when the funds collectively sold $842 million worth of BTC. This aggressive accumulation trend is seen as a major driver of Bitcoin’s price resilience and a signal of deepening institutional interest.
Regulatory green lights fuel ETF innovation
Adding to the bullish backdrop is a shift in regulatory posture. The U.S. Securities and Exchange Commission (SEC) is reportedly working to streamline the ETF approval process, which could unlock further investment vehicles tied to digital assets. Under the proposed changes, ETF issuers would only need to file a Form S-1 and wait 75 days, during which the SEC could object — otherwise, the ETF would be cleared to list. Earlier this month, the REX-Osprey Solana and Staking ETF became the first U.S. fund to offer staked crypto exposure, giving investors access to SOL and staking rewards. This signals a growing appetite among regulators and investors for more diversified and yield-generating crypto ETF products.
Recently we wrote that Bitcoin price has continued its recovery trend after a temporary pullback last week.
