Blackrock’s Bitcoin Stash Now Worth $72B—ETF Swallows 3.44% of BTC in Circulation
Jamie Redman
Although inflows into spot bitcoin exchange-traded funds (ETFs) have tapered off, Blackrock’s Ishares Bitcoin Trust ETF has nonetheless drawn more than 20,000 BTC—valued north of $2 billion at current exchange rates—in just the past two weeks.
From $23 to $59 per Share: IBIT’s 151% Leap Mirrors Bitcoin’s Relentless Climb
Two weeks ago, Bitcoin.com News reported that Blackrock’s Ishares Bitcoin Trust ETF, or IBIT, had achieved the distinction of being the fastest-expanding ETF on record. At the time, it was projected that if the pace of acquisitions persisted, IBIT would be on course to hold close to 1 million BTC by Feb. 21, 2026. Back then, IBIT had amassed 662,707.41 BTC; that tally has since climbed by 3.07%.
Blackrock’s Bitcoin Stash Now Worth $72B—ETF Swallows 3.44% of BTC in Circulation
Source: Ishares Bitcoin Trust.
In less than 14 days, IBIT’s holdings swelled by 20,310.12 BTC, worth around $2.11 billion. This elevates its total to 683,017.53 BTC, translating to approximately $72.19 billion in value. Of bitcoin’s finite 21 million supply, Blackrock’s share accounts for 3.25%. Against the circulating supply of 19,881,210.21 BTC, IBIT currently commands 3.44%.
Since its debut, IBIT’s trajectory has mirrored that of bitcoin itself. On Jan. 15, 2024—four days after launch—the ETF was priced around $23.80 per share; it now trades at $59.74. IBIT investors who entered at that early stage have netted a 151% return. A parallel investment directly in bitcoin would have fared slightly better.
On that same January day, bitcoin traded at $41,560. At the time of this writing, it has reached $105,437—a gain of 153.7%. For comparison, the S&P 500 appreciated by 24.85% over the same period. Meanwhile, gold rose from $2,029 per ounce to $3,365, marking a 65.85% increase.
This trajectory places IBIT not merely as a fast-growing ETF but as a significant conduit for the institutional embrace of bitcoin. Its pace of acquisition and close tracking of bitcoin’s price point to a strengthening bond between traditional finance (TradFi) and digital scarcity. The performance gap between bitcoin and legacy assets continues to reinforce its allure as a singular financial instrument.
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