BlackRock’s IBIT Holdings Surpass 700,000 Bitcoins

According to a report by Jinse Finance, following a net capital inflow of $164.6 million on Monday, BlackRock’s IBIT fund now holds 700,307 bitcoins, valued at approximately $75.5 billion. This data comes from Apollo co-founder Thomas Fahrer. According to BlackRock’s official iShares website, as of last Thursday, IBIT held 698,919 bitcoins, indicating that the fund added 1,388 bitcoins over two trading days. Bitbo data shows that IBIT accounts for more than 55% of the total holdings of all U.S. spot Bitcoin ETFs. Since its launch in January 2024, the fund has achieved a total return of 82.67%. This milestone in bitcoin holdings comes as reports indicate that BlackRock’s income from IBIT has already surpassed that of its flagship product—the iShares Core S&P 500 ETF.