It’s official: the giant BlackRock now holds over 700,000 bitcoins through its IBIT spot ETF. That’s over $76 billion in assets under management. To put things in perspective: that’s more than market heavyweights like the S&P 500 (IVV) or the Russell 2000 (IWM), two pillars of traditional investment.
And most importantly: IBIT is only 18 months old.
An historical accumulation… in record time
Launched in January 2024, BlackRock’s IBIT has established itself as the absolute leader in the US spot Bitcoin ETF market. In less than two years, it has attracted over $50 billion in net flows, shattering all industry standards.
For comparison:
- Grayscale (GBTC) holds 184,000 BTC,
- Fidelity (FBTC) has 203,000 BTC,
- Even Strategy (MSTR), known for its aggressive accumulation since 2020, lags behind with its 600,000 BTC.
One word: dominance.
A cash cow for BlackRock
Behind this success, another impressive performance stands out: IBIT is now the third most profitable ETF among BlackRock’s 1,197 products. Yes, third out of nearly 1,200.
The Bitcoin ETF is no longer a niche product. It’s a cash cow for the world’s largest asset manager. And a historic turning point in Bitcoin’s institutional legitimization.
The investment landscape redefined
Before 2024, no spot Bitcoin ETFs were authorized in the US. Since then, the sector has experienced a true tidal wave. Billions are pouring in. Wall Street giants are rushing in. And Bitcoin is slowly entering the heart of traditional portfolios.
As Nate Geraci (ETF Store) sums it up on X:
New milestone reached. IBIT holds over 700,000 BTC. In 18 months. It’s insane.
We’re no longer talking about a test or a passing hype. We’re talking about the structural reinvention of global investment.
