The BlackRock Bitcoin ETF (IBIT) reached a significant milestone of 700,000 BTC due to growing demand for cryptocurrency and increased corporate treasury assets.
IBIT Achievements
As of July 7, 2025, the BlackRock Bitcoin ETF (IBIT) surpassed the 700,000 BTC mark following a single-day inflow of $164.6 million. The fund's assets are now valued at over $75.5 billion. Analysts note that the growth of IBIT is driven by high ETF accumulation rates and rising demand from corporate treasuries.
Pompliano and IBIT Success
Analyst Anthony Pompliano stated that IBIT now generates more revenue than BlackRock’s S&P 500 ETF. He made this statement on social media platform X, without providing further details. The post gained attention following the 700,000 BTC update, indicating a potential shift in institutional interest towards digital assets.
ETF Impact on Bitcoin Market
The activity of Bitcoin ETFs and corporate treasury accumulation has continued to grow throughout 2025. Companies like BlackRock have acquired significant amounts of BTC, which has outpaced miner issuance. This imbalance in supply and demand has been evident since the launch of IBIT, highlighting the increasing interest from institutional investors.
The growth of the BlackRock Bitcoin ETF (IBIT) as it surpasses 700,000 BTC indicates a rising investor confidence in Bitcoin and related financial instruments.
