BlackRock's Bitcoin ETF, known as iShares Bitcoin Trust (IBIT), has made a significant milestone by reaching 700,000 BTC and becoming one of the largest funds in its category.
Achievements of BlackRock's Bitcoin ETF
IBIT has become the third largest ETF among 1,197 BlackRock funds, reaching asset value of approximately $76 billion. This growth was achieved by adding 1,510 BTC on July 7, 2025.
Market Competition for ETFs
IBIT surpassed Grayscale's GBTC in asset size last year, holding 56% of the total US-based spot Bitcoin ETF assets. Meanwhile, Fidelity’s FBTC product also exceeded the 200,000 BTC threshold, reflecting changes in the market.
Investment Trends in Cryptocurrency
CoinShares' latest report indicates that US-based spot Bitcoin ETFs gathered $1.2 billion in just three days. Many investors view ETFs as a way to navigate security risks associated with cryptocurrency exchanges.
BlackRock's achievements in managing Bitcoin ETFs highlight significant demand from institutional investors and the influence they exert on the cryptocurrency market.
