Key Takeaways:
- BlackRock’s iShares Bitcoin ETF (IBIT) now holds over 700,000 BTC, accounting for more than 55% of all U.S. spot Bitcoin ETF holdings.
- IBIT has outperformed supply in 2025, with U.S. ETFs acquiring $28.22B in BTC versus $7.85B newly mined.
- The SEC is considering streamlined crypto ETF approvals, while the first U.S. staked crypto ETF launched offering SOL exposure.
BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed 700,000 BTC, now holding 700,307 BTC worth around $75.5 billion.
This milestone follows a $164.6 million inflow and highlights IBIT’s dominance, representing over 55% of Bitcoin held across all U.S. spot ETFs.
🚨 Blackrock Buys 1388 Bitcoin
— Thomas Fahrer (@thomas_fahrer) July 8, 2025
Now Holds 700,000 BTC 🤯 pic.twitter.com/RsQVEnqcqb
Since launching in January 2024, the fund has delivered a total return of 82.67%, and it’s reportedly generating more revenue than BlackRock’s flagship S&P 500 ETF.
Demand for Bitcoin ETFs continues to exceed supply: in 2025 alone, U.S. ETFs and MicroStrategy have acquired $28.22 billion worth of BTC, compared to just $7.85 billion mined.
February was the only month this year where net selling occurred, with $842 million in outflows.
Meanwhile, U.S. regulators are considering streamlined ETF approvals – under a new system, issuers could launch funds simply by filing a Form S-1 and waiting 75 days, unless flagged by the SEC.
Adding to this momentum, the REX-Osprey Solana and Staking ETF recently debuted as the first U.S.-based ETF offering exposure to staked crypto assets, giving investors access to both SOL and staking rewards.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
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