🚀 BlackRock’s Bitcoin ETF Surpasses 700K BTC — Institutional Demand Hits New Heights 🔥

BlackRock’s iShares Bitcoin Trust (IBIT) has crossed a major milestone, now holding 700,307 BTC worth around $75.5 billion. This comes after a recent $164.6 million inflow, making IBIT the largest U.S. spot Bitcoin ETF with over 55% market share.

Launched in January 2024, IBIT’s rapid growth has outpaced even MicroStrategy’s holdings. With annual fees now exceeding $187 million, the fund reflects surging institutional interest in regulated Bitcoin exposure.

As ETF demand continues to outstrip miner supply, the pressure on BTC’s price outlook remains bullish.

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