BlackRock has scooped up another 205 Bitcoin, worth roughly $12.6 million, further cementing its dominance in the crypto space. The investment giant’s flagship Bitcoin ETF, IBIT, now holds a staggering 572,000 BTC—approximately 2.7% of the total Bitcoin supply. Not too shabby for a fund that didn’t exist two years ago.
IBIT’s growth has been nothing short of meteoric. Starting with just under 198,000 BTC in March 2024, it’s nearly tripled its holdings in less than a year. That’s what happens when you’re the fastest-growing ETF in history, folks. BlackRock isn’t playing around. This is still significantly less than MicroStrategy’s 205,000 BTC holdings valued at approximately $14.7 billion. This approach mirrors Web3 initiatives that emphasize decentralized ownership and user control over financial assets. The trend aligns with broader market movements where exchange-held Bitcoin has fallen to just 12% of total supply, the lowest level in six years.
BlackRock’s IBIT isn’t just growing—it’s exploding like a financial supernova in the crypto universe.
The numbers tell the story. IBIT reached $50 billion in assets under management in just 11 months. It controls over half the US spot Bitcoin ETF market share. With its 0.25% expense ratio, it’s raking in $112 million annually just from fees. Talk about printing money.
Institutional demand for Bitcoin has exploded. IBIT has only experienced 9 outflow days since launch. Average daily trading volumes sit at $1.7 billion. Wall Street suits who once scoffed at crypto are now tripping over themselves to get in.
Not everyone’s thrilled, though. February 27, 2025, saw record-breaking outflows of $418 million from IBIT alone, with market-wide outflows totaling $754.53 million. Bitcoin tumbled to $82,455 before bouncing back to $89,191. The Fear and Greed Index tanked to 10—lowest since 2022. Panic much?
IBIT’s crushing the competition. Fidelity’s FBTC and Grayscale’s GBTC lag behind with 17.5% market share each. The total US spot Bitcoin ETF market now exceeds $113 billion. Meanwhile, Vanguard sits on the sidelines, pretending crypto doesn’t exist.
Looking ahead, IBIT could reach the magical 1 million BTC milestone. Major institutions are expected to allocate 1-3% of portfolios to Bitcoin funds. What started as a fringe investment is becoming a portfolio staple. Bitcoin’s gone mainstream, and BlackRock’s leading the charge.
