BlackRock Tops 700,000 BTC Held in Its Bitcoin ETF

There was a time when voices in the crypto-sphere were raised: “Don’t sell your bitcoins to Larry“. The call sounded like a warning. But over the months, this alert got lost in the noise. The numbers, however, remained. And they speak loudly. BlackRock now holds over 700,000 BTC through its IBIT ETF. A historic milestone that reshapes the contours of dominance in the crypto market. Bitcoin remains scarce, but increasingly less distributed.

700,000 Bitcoins Later, BlackRock Establishes Itself as the Game’s Arbiter

Since January 2024, the iShares Bitcoin Trust (IBIT) ETF, BlackRock’s spot Bitcoin ETF, has attracted over $75.5 billion. To date, 700,307 BTC are under its control. This is 55% of all BTC held in US ETFs. Alone, IBIT even outperforms the well-known iShares S&P 500 with a +82.67% performance in six months.

Thomas Fahrer, co-founder of Apollo, summed up the event bluntly: “BlackRock now holds 700,000 BTC“.

This figure is not just symbolic. It reflects a massive change of hands in BTC ownership. Institutions, through ETFs, are devouring the shares of the available supply. Even more, they are accumulating more than what miners create.

According to Galaxy Research, US ETFs combined with MicroStrategy have purchased more BTC than mining produced each month in 2025, except in February.

U.S. Bitcoin ETFs and MicroStrategy have combined to purchase the entire Bitcoin block reward (net new issuance) and more every month of 2025 except February.

Galaxy Research

With capped issuance and dried-up stocks, bitcoin becomes an increasingly concentrated commodity. And BlackRock establishes itself as a market player impossible to sidestep.

Bitcoin in Shortage: When ETFs Empty Shelves Faster Than Miners Refill

BlackRock’s appetite, coupled with MicroStrategy’s and others’, has created an unprecedented tension. While miners emitted only $7.85 billion in BTC in 2025, institutions purchased $28.22 billion worth. The secondary market is no longer sufficient.

But IBIT is not just a vault. Innovation is introduced: the REX-Osprey ETF, recently launched, allows investing in Solana with integrated staking. We are now talking about passive income at the very heart of crypto ETFs. A step toward the tokenization of gains, in the style of traditional finance.

This new shift transforms Bitcoin ETFs into tools of yield and accumulation.

Some key figures:

• 700,307 BTC: under BlackRock’s management;
• $75.5 billion: approximate value of the asset;
• +82.67%: IBIT’s return since January;
• $28.22 billion: BTC purchased by ETFs in 2025;
• $7.85 billion: BTC created by miners this year.

So, long-term strategy or institutional FOMO? In both cases, the rules are changing. Bitcoin is no longer just a store of value: it becomes a yield lever, ETF style.

BlackRock does not limit its ambitions to Bitcoin alone. Larry Fink’s giant now diversifies its crypto portfolio. It invests heavily in Ethereum, betting on its potential despite uncertainties. In an ecosystem still volatile, it’s a way