BlackRock IBIT positions exceed 700,000 bitcoins "
Online reports that after recording a net inflow of $164.6 million on Monday, BlackRock's IBIT fund currently holds 700,307 bitcoins worth approximately $75.5 billion. This data comes from Apollo co-founder Thomas Fahrer. According to BlackRock's official iShares website, as of last Thursday, IBIT held 698,919 bitcoins, which means that the fund added 1,388 bitcoins in two trading days. According to Bitbo data, IBIT accounts for more than 55% of the total holdings of all bitcoin spot ETFs in the United States. Since its establishment in January 2024, the fund has achieved a total return of 82.67%. This milestone in Bitcoin holdings comes amid reports that BlackRock's revenue through IBIT has exceeded the revenue of its flagship product, the iShares Core S&P 500 ETF (S & P 500 Core ETF).
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