Key Highlights:
- BlackRock’s IBIT Bitcoin ETF is closer to the $100 billion AUM mark.
- The ETF is continuing its eight-day streak with over $400 million in inflows on Wednesday.
- Crypto community now expects the asset manager’s BTC stash to surpass Satoshi Nakamoto’s holdings.
BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has officially crossed the 800,000 BTC threshold, marking a major milestone for the world’s largest asset manager. The fund’s Bitcoin holdings now total around 802,257 BTC, representing 3.8% of Bitcoin’s total supply and over $99 billion in assets under management (AUM). Now, netizens are looking forward to BlackRock surpassing Bitcoin creator Satoshi Nakamoto’s BTC holdings.
BlackRock’s Bitcoin ETF Surpasses the 800,000 BTC Mark
The achievement comes less than two years after the ETF began trading in January 2024, underscoring BlackRock’s dominance in the digital asset investment space. Recent inflows pushed IBIT over the line, with data showing $426.2 million, approximately 3,510 BTC, added on Wednesday alone, according to Farside UK data.
As of October 7, IBIT had already accumulated roughly 798,747 BTC, positioning it close to the milestone. Wednesday’s strong inflows tipped it beyond the 800,000 mark worth $99 billion, per SoSoValue. This surge cements its lead over other major institutional Bitcoin holders.
For comparison, Michael Saylor’s MicroStrategy currently holds 640,031 BTC, worth around $78 billion, which represents 3.1% of Bitcoin’s total supply. BlackRock’s ETF now controls significantly more Bitcoin on behalf of investors than any single corporate entity in the world.
U.S. Spot Bitcoin ETFs Record Massive Inflows
The overall U.S. spot Bitcoin ETF market also saw a robust performance this week. Combined inflows across all listed products reached $440.7 million on Wednesday, extending an eight-day inflow streak that has brought in more than $5.7 billion, according to data from The Block.
IBIT accounted for the majority of this surge, with a seven-day inflow total exceeding $4.1 billion, highlighting the continued appetite from institutional and retail investors.
Bloomberg Senior ETF Analyst Eric Balchunas commented on the unprecedented pace of inflows, posting on X, “IBIT is #1 in weekly flows among all ETFs w/ $3.5 billion which is 10% of all net flows into ETFs.” He further noted that all 11 spot Bitcoin ETFs recorded positive inflows last week, even Grayscale’s GBTC, which has historically struggled with outflows. “That’s how hungry the fish are. Two steps forward mode. Enjoy while it lasts,” Balchunas added.
Earlier this week, spot Bitcoin ETFs posted their largest single-day inflows since the November 2024 U.S. presidential election, bringing in $1.21 billion on Monday. Since their January 2024 debut, the U.S. spot Bitcoin ETFs have attracted nearly $63 billion in cumulative inflows, with IBIT contributing $65 billion. This total is slightly offset by the persistent outflows from Grayscale’s converted fund.
Will BlackRock Overtake Satoshi Nakamoto?
BlackRock’s rapid accumulation is not new. The firm’s ETF surpassed 500,000 BTC last December, becoming one of the top three U.S. ETFs by asset growth within its first year. In March 2024, when IBIT crossed the 250,000 BTC level, BlackRock CEO Larry Fink remarked, “IBIT is the fastest-growing ETF in the history of ETFs,” as he acknowledged his surprise at Bitcoin’s upward trajectory.
The latest surge in holdings has reignited speculation about whether BlackRock could soon rival Satoshi Nakamoto’s estimated 1.1 million BTC. Thomas Fahrer, co-founder of Apollo Sats, highlighted IBIT’s accelerating pace on X and predicted, “1M Bitcoin Soon.”
Online analysts and crypto enthusiasts now speculate that if current inflow trends continue, BlackRock’s ETF could surpass Satoshi’s legendary Bitcoin stash by mid-2025. Netizens look forward to June 7, 2026, when they expect BlackRock to overtake Satoshi’s reserve, according to the historical inflow trend.
Meanwhile, Nate Geraci, President of NovaDius Wealth Management, reflected on the market’s extraordinary growth. He wrote, “Spot BTC ETFs on an all-time heater… Have taken in absurd $5.3 billion over the past 7 trading days. $2 billion just over the past two days.” Geraci added that he “remembered when people thought the entire category would top out at $5 billion total assets.”
Also Read: Bitcoin, Ethereum ETFs Rake in $1.29B Inflows with 7-Day Streak
