BlackRock’s iShares Bitcoin ETF Smashes Records: 700K BTC Milestone Sparks Market Frenzy

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2025-07-08 08:01:54

BlackRock iShares Bitcoin ETF Surges Past 700K BTC in Record-Breaking Run

Wall Street's crypto love affair hits hyperdrive as BlackRock's Bitcoin ETF gobbles up 700,000 BTC—while traditional finance scrambles to keep up.

The institutional floodgates are wide open. BlackRock's iShares Bitcoin Trust just crossed a threshold that would make Satoshi raise an eyebrow, amassing enough BTC to make El Salvador's reserves look like pocket change.

700,000 coins. $42 billion (at today's prices). One giant middle finger to the 'Bitcoin is dead' crowd.

Meanwhile, gold ETFs hemorrhage assets faster than a Boomer selling tech stocks in 2000. The great digital migration isn't coming—it's here. And the suits finally got the memo.

Will this trigger the mother of all supply squeezes? Probably. Will Jamie Dimon find something new to complain about? Absolutely.

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