4E: BlackRock's holdings exceed 700,000 BTC, demand for crypto ETFs far exceeds miner supply

ChainCatcher message, according to 4E observations, the world's largest asset management company BlackRock's IBIT Bitcoin spot ETF has received a net inflow of $165 million this week, with holdings surpassing 700,000 BTC, and a current market value of approximately $75.5 billion. Since its establishment at the beginning of 2024, this ETF has achieved a total return of 82.67%, currently accounting for over 55% of all BTC spot ETF holdings in the United States.

According to Galaxy Research statistics, by 2025, IBIT and U.S. institutions like MicroStrategy have collectively purchased approximately $28.2 billion in Bitcoin, while the new output from miners during the same period was only $7.85 billion, indicating that institutional demand continues to exceed on-chain new supply, boosting BTC's long-term fundamentals.

In addition, the regulatory stance is also becoming more relaxed. The U.S. Securities and Exchange Commission (SEC) is studying ways to simplify the ETF approval process, proposing to standardize applications using the S-1 form and set a 75-day review period, which would automatically take effect if there are no objections. Earlier this month, REX-Osprey launched the first Solana ETF with staking rewards, marking the gradual expansion of ETF products into other cryptocurrency asset classes.

4E reminds investors: the growth of institutional holdings and signals of regulatory easing are reshaping market structure, and it is essential to continuously monitor ETF fund dynamics and the potential volatility brought by policy evolution.