Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BlackRock Bitcoin ETF Achieves 700,000 BTC Milestone

BlackRock Bitcoin ETF Achieves 700,000 BTC Milestone

TheccpressTheccpress2025/06/26 01:56
By:in Bitcoin News
Key Takeaways:
  • Largest Bitcoin holding by an ETF, surpassing competitors.
  • IBIT now holds over 661,000 BTC.
  • Larry Fink bullish on Bitcoin’s future.
BlackRock’s iShares Bitcoin Trust Approaching BTC Milestone

BlackRock’s iShares Bitcoin Trust (IBIT) is approaching a milestone of 700,000 BTC holdings, reflecting significant institutional interest in the cryptocurrency market.

BlackRock’s Leadership

BlackRock, the world’s largest asset manager, manages the rapidly growing iShares Bitcoin Trust ETF. Larry Fink , BlackRock’s CEO, has shown newfound optimism towards Bitcoin, marking a shift from previous cautious approaches. BlackRock’s IBIT surpassed $70 billion in assets under management, achieving this milestone faster than any previous ETF. The fund now holds approximately 661,457 BTC, positioning itself as the largest institutional Bitcoin holder globally.

Bitcoin Market Growth

The Bitcoin market experienced notable gains, with Bitcoin prices stabilizing above $110,000. Market confidence soared, attributing to institutional demand from entities like BlackRock’s ETF. Analysts note Eric Balchunas the potential for further growth if regulatory environments remain conducive, as institutional products gain prominence.

“IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days”, said Eric Balchunas, ETF Analyst.

Industry experts highlight the ETF’s rapid growth as indicative of increasing Bitcoin legitimacy and mainstream acceptance.

Future Implications

The outcomes could include enhanced investor educational resources, improved regulatory frameworks, and inspired exchanges to innovate in their offerings. Such developments will likely influence financial and regulatory landscapes as more traditional asset managers enter the crypto sphere.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40