BlackRock’s Bitcoin ETF Smashes Records: $75B+ ATH Valuation With 696,874 BTC Holdings

Wall Street's crypto embrace hits hyperdrive as BlackRock's Bitcoin ETF vaults past $75 billion—stacking 696,874 BTC while traditional markets yawn.

Institutional FOMO goes nuclear with this watershed moment for crypto adoption. The fund now holds enough Bitcoin to make a central banker sweat.

Meanwhile, legacy finance still can't decide if this is 'digital gold' or a 'speculative bubble'—but their clients are voting with billions.

BlackRock Bitcoin portfolio chart This is reflected in the consistent streak of positive inflows to the BlackRock iShares Bitcoin Trust. Notably, the ETF recorded no new acquisitions on Tuesday, resulting in a net outflow of $342 million from the U.S. ETF market that day.  However, for every trading day since June 6, the firm has made several multi-million-dollar Bitcoin purchases, amounting to 15 consecutive trading days of acquisitions. Meanwhile, other asset managers such as Invesco, Franklin, Valkyrie, and WisdomTree often recorded zero inflows. For example, WisdomTree's BTCW last saw an inflow five months ago in February. A similar lack of new Bitcoin acquisitions is also evident in Valkyrie’s BRRR Bitcoin ETF. On the other hand, competitors like Grayscale have mostly posted negative flows. Since launch, Grayscale’s GBTC has recorded a staggering $23.36 billion in outflows. Despite this, the firm still maintains a Bitcoin portfolio of 185,098 BTC worth $19.96 billion. Total Bitcoin Holdings by US and Global ETFs Overall, U.S. Bitcoin ETFs currently hold 1.247 million BTC worth over $135 billion. Including global ETFs, the total rises to 1.426 million BTC, valued at $153.86 billion. Institutional and Government Bitcoin Holdings Beyond ETFs, public companies collectively hold 856,029 BTC worth over $92.3 billion. Meanwhile, private firms possess 421,641 BTC worth around $45.46 billion. This massive accumulation, which gained momentum primarily in 2024, demonstrates the growing institutional appeal of Bitcoin. Many now consider it a viable financial instrument and store of value. Even various governments are Bitcoin holders. Countries such as the United States, China, El Salvador, the United Kingdom, and five others hold a combined 529,705 BTC worth $57.12 billion. Many additional entities are setting plans to join this trend. This continued exposure has cemented Bitcoin’s role in the financial world and has fueled Optimism that its price may one day reach $1 million per coin.