Blackrock’s spot Bitcoin exchange trading fund just exceeded 700,000 BTC worth about $75.5 billion after registering a $164.6 million inflow on Monday.
Blackrock is the world’s largest asset manager and now has 700,307 BTC in its Ishares Bitcoin Trust (IBIT) ETF, according to To Apollo co-founder Thomas Driver.
BlackRock’s own Ishares website shows IBIT hold 698,919 BTC as of Thursday, so the fund added 1,388 BTC in two transactions.
IBIT accounts for more than 55% of the total BTC in the United States. according to Go to Bitbo. Since its inception in January 2024, the fund’s total return rate has been 82.67%.
The recent Bitcoin milestone is reporting that BlackRock is coming now Earn more income More than its IBIT fund than its flagship S&P 500 fund, Ishares Core S&P 500 ETF.
Bitcoin hoards in supply
Meanwhile, US Bitcoin exchange trade funds, coupled with Michael Saylor’s strategy, Bitcoin’s largest corporate holder, has bought more bitcoins than miners so far almost every month, according to Carry out galaxy research.
Related: Strategic Companies vs. Belek: Which is the better Bitcoin proxy inventory for your portfolio?
Strategy and the U.S. Bitcoin ETF jointly purchased $28.22 billion worth of Bitcoin in 2025, while Bitcoin miners’ net new issuance was $7.85 billion in the same period.
As of June, the merged entity purchased more bitcoins than the new supply generated monthly, unless in February, the merged entity sold $842 million worth of bitcoins.
Regulator warms up to encrypted ETF
Meanwhile, the Securities and Exchange Commission is reportedly Want to simplify Encrypted ETF approval process.
Under the new structure, ETF issuers only need to submit Form S-1 and wait 75 days. If the SEC has no objection, the issuer can list its ETFs on the exchange.
Earlier this month, Rex-Osprey Solana and Staking ETF became The first ETF in the United States To expose investors to a spoon-encrypted ETF, investors will receive the risk of SOL as well as their points rewards.
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