BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed 700,000 BTC in holdings, valued at approximately $75.5 billion at current prices.
IBIT has become the dominant US spot Bitcoin ETF, accounting for over 55% of total BTC held across all US spot Bitcoin ETFs.
IBIT has outpaced other leading funds like Fidelity’s FBTC and Grayscale’s GBTC, as well as Michael Saylor’s Strategy, making it the largest corporate holder of Bitcoin.
IBIT is now one of BlackRock's top-performing products, generating significant revenue and outperforming flagship ETFs like the iShares Core S&P 500 ETF.