BlackRock’s IBIT Spot Bitcoin ETF has officially crossed 700,000 BTC in assets under management, valued at approximately $76 billion as of July 17.
The milestone comes just 18 months after the fund’s launch in January 2024, marking a rapid accumulation pace that has drawn industry-wide attention.
Bloomberg Senior ETF Analyst Eric Balchunas highlighted the achievement on July 8, noting that IBIT is now 62% of the way toward surpassing Satoshi Nakamoto as the largest known single holder of Bitcoin.
According to Balchunas, the fund has been adding roughly 40,000 BTC per month, or about 1,300 BTC per day, and could reach 1.2 million BTC by May 2026 if the current trend holds.
In addition to its growing Bitcoin holdings, IBIT has also become a top-performing revenue generator for BlackRock. Of the asset management firm’s 1,197 ETFs, IBIT now ranks third in revenue generation at $191 billion, and it is less than $9 billion away from claiming the top spot.
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