BlackRock Gobbles Up 700K Bitcoin: Is There Enough Left for the Rest of Us?

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Oh lovely, yet another day where my Bitcoin FOMO gets a little worse. The U.S. Bitcoin Spot ETF drama just won’t quit. The sector’s hoarding habits have now reached 1,253,032 BTC (that’s over $136.3 billion for those still pretending they don’t care), according to the number crunchers at Bitcoin Treasuries.

BlackRock’s “I Swear I’m Not a Dragon” Approach to Bitcoin

BlackRock’s iShares Bitcoin Trust (IBIT) is out here flexing with over 700,000 BTC. That’s about $75.9 billion in “just digital gold, darling.” In a mere two trading days, IBIT hoovered up another 1,388 BTC—honestly, the only thing I’ve ever hoovered that fast is a packet of Hobnobs after a bad date.

Back when 2024 began (fresh notebook, new hopes, diet still on track), IBIT had 551,917.9 BTC. Now they’ve swelled holdings by 26.83% year-to-date, giving other ETFs performance anxiety.

Meet the “It Crowd” of Bitcoin ETFs

Because everyone loves a list and, frankly, it’s wild:

  • BlackRock’s IBIT: 700,000 BTC
  • Fidelity’s FBTC: 203,508.5 BTC
  • Grayscale’s GBTC: 184,226.9 BTC
  • ARK 21Shares’ ARKB: 48,265 BTC
  • Grayscale Bitcoin Mini Trust: 44,227.8 BTC

Collectively, these five basically have the Bitcoin version of the Oxford dining table. If you’re an institution not invited—well, sorry, have you tried being less poor?

IBIT Leaves Boring Old ETFs in the Dust 🚀

Since bursting onto the scene in January 2024 (reportedly wearing a sequined cape), IBIT has sported a rather flamboyant 82.67% return. Even BlackRock’s S&P 500 ETF is currently eating its dust.

For the numbers people:

  • Bitcoin YTD Change (2025): +16.5%
  • S&P 500 YTD Change: +6.16%

institutions officially prefer laser eyes over boring blue-chip socks.

When Everyone Wants Bitcoin and the Shop’s Out of Stock 😱

In 2025, the whole “supply and demand” thing reads less like an economics lecture and more like an episode of Supermarket Sweep. This year alone:

  • US Bitcoin ETFs bought: ~$28.22 billion worth (with a side of bravado)
  • Bitcoin mined globally: ~$7.85 billion worth (cue sad trombone)

The demand is so wild, it’s like the Black Friday of digital assets, except no one tramples you—unless you’re short-selling, in which case, condolences.

Regulators May Finally Ditch the Kafka Routine 🤞

U.S. Bitcoin ETF approval has historically involved more paperwork than a Bridget Jones breakup, but there may be hope yet. Word on the street (well, in legal filings) is that the SEC might streamline things soon—say hello to just Form S-1 and a polite 75-day limbo.

Currently, issuers are forced into a bureaucratic obstacle course with Forms 19b-4 and S-1 and soul-sucking delays. A little efficiency could mean more shiny new ETFs in your news feed—just what everyone needed!

So basically, 2025 is off to a rollicking start if you’re BlackRock (or their accountant). With more demand than supply, Bitcoin dressed up as the belle of the ball, and the SEC maybe swapping its red tape for a pair of scissors, it’s shaping up to be a blockbuster year. Anyone feeling rich yet? Or just left making toast in their dressing gown, again?

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2025-07-08 15:17