BlackRock’s iShares Bitcoin Trust ($IBIT) ETF has recently made a stunning growth in Bitcoin ($BTC) holdings. As per the data from CryptoQuant, the iShares Bitcoin Trust ($IBIT) ETF of BlackRock has surpassed Coinbase and Binance in Bitcoin ($BTC) holdings, becoming the biggest known $BTC holder. In its social media discussion on this sheer rise in $IBIT’s $BTC holdings, the on-chain analytics platform mentioned that the respective transformation reportedly reached its threshold level in May 2025. At that time, $IBIT outperformed Coinbase’s reserves.
BlackRock’s iShares ETF Dethrones Exchanges, Becomes Largest Known BTC Holder
“Inflows into BlackRock’s ETF signify a fundamental change in market structure. The primary demand driver has shifted from retail-centric exchange accumulation to regulated, institutional-grade… pic.twitter.com/G043uNYpdW
— CryptoQuant.com (@cryptoquant_com) August 22, 2025
BlackRock $IBIT Bitcoin ETF Surpasses Coinbase and Binance in $BTC Holdings
Based on the market data, BlackRock’s iShares Bitcoin Trust ($IBIT) ETF has ultimately surpassed Binance and Coinbase in $BTC holdings. With this, it has cemented its position as the biggest Known $BTC holder while the top holder still remains the mysterious Bitcoin creator, Satoshi Nakamoto. The data reveals that $IBIT’s $BTC holdings have now reached 781.16K $BTC, with a great margin above Coinbase’s 703.11K $BTC and Binance’s 558.07K $BTC.
This development highlights Bitcoin’s ($BTC) evolution from an asset driven by retail market to an institutional-level, regulated financial product. In addition to this, the inflows into the $IBIT ETF also denote a fundamental shift in the wider market structure as Bitcoin ($BTC) capital is moving from crypto exchanges to the institutional products. Hence, while such ETFs are continuously accumulating Bitcoin, a great amount of $BTC is being removed from the overall liquid circulation.
Keeping this in view, as more and more $BTC coins move toward the ETF market, a widening liquidity shock is developing. This development backs the price of Bitcoin by minimizing the existing supply for exclusive purchasers, reaffirming the scarcity narrative. Additionally, this development also signifies $IBIT’s steady growth in $BTC holdings while the reserves held by conventional exchanges are declining.
Top Bitcoin ETF Continues Absorbing $BTC Balance to Drive Institutional Adoption
According to CryptoQuant, the increase in the $BTC holdings of $IBIT in comparison with Coinbase and Binance is a landmark development. At the same time, it also discloses that $BTC holdings are now increasingly moving into the hands of long-term institutional players. As a result of this, the overall Bitcoin ($BTC) ecosystem is poised to make noteworthy growth while $IBIT aggressively absorbs $BTC balance.