iShares Bitcoin Trust (NASDAQ: IBIT), a spot Bitcoin Exchange Trade Fund (ETF) of Wall Street investment giant BlackRock, surpassed 700,000 BTC in managed assets after the ETF registered an additional $164.6 million on Monday.
According to the official iShares website, IBIT had accumulated 698,919 BTC on July 3, worth $7.615 billion. Then, when the market reopened yesterday over the three-day Independence Day weekend in the US, it saw around 1,510 BTC in net inflows. This brings the total holdings of the Asset Manager to 700,307 BTC under its spot Bitcoin ETF, worth $7600 billion.
BlackRock’s IBIT currently holds 700K+ BTC and will become the company’s third ETF
Currently, the fund accounts for more than 55% of the total Bitcoin held based on the 12-spot Bitcoin ETF currently trading in the US. The Fidelity Wise Origin Bitcoin Fund ETF (CBOE: FBTC) is the second largest, with assets managed at 203,508 BTC ($2218 billion) followed by a grayscale Bitcoin Trust (NYSE: GBTC) of 184,226 BTC ($2.08 billion).
IBIT is currently the third-highest revenue-generating ETF of BlackRock, the ISHARES brand that manages over 1,400 ETFs tracking 800 different financial products, and is shy of just $9 billion from the ISHARES Russel 1000 Growth ETF (IWF).
What’s even more noteworthy about this feat is that IBit has only been on the market for 18 months. Since its launch in January 2024, the fund has provided a total ROI of 82.67%.
Last week, Bloomberg reported that IBIT is earning more revenue from BlackRock than its flagship product, the Ishares Core S&P 500 ETF (IVV). The company’s Spot Bitcoin ETF was able to win $100,000 more annual fees at $187.2 million compared to IVV’s $187.2 million.
IBIT was able to overtake Grayscale’s GBTC by AUM within months of its debut, despite adapting other US spot Bitcoin ETFs to other US spot Bitcoin ETFs with assets prior to conversion to ETFs.
ibit accounts for 56% of the 1.25 million BTC held by all US Spot Bitcoin ETFs
According to Coinglass data, the total assets held by all US Spot Bitcoin ETFs currently stand at around 1.25 million BTC, worth $135 billion. This lot represents almost 6% of Apex Cryptocurrency’s total supply. IBIT accounts for 56% of its AUM alone, with only the 597,325 BTC ($65 billion) strategy (previously micro-strategic) Ministry of Finance stack approaching.
On Monday, the US Bitcoin ETF surpassed its cumulative $500 billion inflow since its debut in January 2024, exceeding $14.5 billion a year after funding added another $1.2 billion over the past three days. The total ETF generated a net inflow of $478.8 million on Wednesday, July 2nd, followed by an additional $601.8 million on Thursday, July 3rd. IBIT also leads the chart of a total inflow of $52.9 billion.
Bitcoin ETF generated a trading volume of $5.3 billion on Thursday. Their launches are now over $1 trillion, which is a cumulative trading volume of funds. IBIT also accounted for around 80% of its $2.9 billion trading volume on July 7th.
A recent report from Galaxy Research states that the US Bitcoin ETF and Michael Saylor’s strategy is the largest corporate holder. Bitcoinexcept for February, each month in 2025, combined to buy more BTC than the supply generated by miners from block rewards each month.
At the time of writing, Bitcoin (BTC) has been trading at $108,809, up 0.21% over the past 24 hours. iShares Bitcoin Trust ETF (IBIT) reduced Monday’s trading session by 0.60% at $61.40.
