On July 8, according to Cointelegraph, BlackRock's Bitcoin spot ETF IBIT holds over 700,000 BTC, worth approximately $75.5 billion. According to Apollo co-founder Thomas Fahrer, BlackRock's Bitcoin spot ETF IBIT holds 700,307 BTC. [BlockBeats]

<div><h2>Crypto Market Update</h2>Let's turn our attention to today's overall Crypto market situation. As of 5:59 PM Hong Kong time on July 8, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.44 trillion US dollars, witnessing a decrease of 2.54% compared to yesterday; the total trading volume is 82.76 billion US dollars, marking a decline of 4.22% from the previous day.</div> <div><h2>Cryptocurrency Market Update</h2>According to sosovalue, the price of BTC is 109,000 USD, an increase of 0.998% from yesterday. The market cap of BTC is 2.17 trillion USD, accounting for 63.1% of the total market cap; BTC's 24-hour trading volume is 23.60 billion USD, making up 28.5% of the total trading volume. The price of ETH is 2,616.3 USD, up 3.37% from yesterday; the market cap of ETH is 315.83 billion USD, representing 9.19% of the total market cap; ETH's 24-hour trading volume is 15.40 billion USD, comprising 18.6% of the total trading volume. The combined market capitalization of BTC and ETH accounts for 72.29% of the total cryptocurrency market cap, and their combined trading volumes constitute 47.1% of the total trading volume.</div> <div>After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day: As of 17:50 Hong Kong time, according to sosovalue, the top five gainers are: Top 1 gainer is LayerAI (LAI). As of 17:50 today, its market cap is 1.40M USD, with a coin price of 0.00061140 USD, witnessing a 24-hour increase of 55%. The second is Dtec token (DTEC). As of 17:50 today, its coin price is 0.017620 USD, with a 24-hour increase of 39.6%. The third is Elderglade (ELDE). As of 17:50 today, its coin price is 0.018410 USD, showing a 24-hour increase of 33.5%. In fourth place is Nodle Network (NODL). As of 17:50 today, its coin price is 0.00019080 USD, with a 24-hour rise of 31.1%. In fifth place is Magic (MAGIC). As of 17:50 today, its coin price is 0.15670 USD, increasing by 30.4% over the last 24 hours. </div> Moving on, let's take a look at the sector performance in crypto market. Acccording to sosovalue, out of 16 sectors, all 16 are up and 0 are down. Notably, ETH, RWA, and DeFi sectors are worth mentioning. ETH sector has risen 3.54% relative to the UTC 0 time, led by gains in ETH (3.54%). RWA sector has increased 3.14% relative to UTC 0, with KTA (9.99%), PRCL (6.02%), and token (5.78%) leading the rise. DeFi sector has risen 2.52%, with SIS (21.8%), VVS (18.1%), and VNO (17.3%) leading the rise. Let's go through the Crypto news worth paying attention today according to sosovalue: The first is:On July 8, according to Cointelegraph, BlackRock's Bitcoin spot ETF IBIT holds over 700,000 BTC, worth approximately $75.5 billion. According to Apollo co-founder Thomas Fahrer, BlackRock's Bitcoin spot ETF IBIT holds 700,307 BTC. [BlockBeats] Next news:According to CoinDesk, Tether has announced a strategic investment in blockchain forensics firm Crystal Intelligence to combat cryptocurrency crime. The specific investment amount has not been disclosed. With the increase in cryptocurrency-related scams and fraud, Tether is committed to curbing the illegal use of its USDT stablecoin. [ChainCatcher] Next news:Robinhood CEO Vlad Tenev said in an interview with Bloomberg in London that tokenization could solve liquidity problems by "leveraging the global network of hundreds of millions of cryptocurrency market participants." Tenev said he welcomes scrutiny from European regulators. [Foresight News] Next news:Digital asset management company ReserveOne has announced that it has entered into a definitive business combination agreement with special purpose acquisition company M3-Brigade Acquisition V Corp. (Nasdaq: MBAVU, MBAV, MBAVW). ReserveOne will hold and manage a variety of cryptocurrencies based on Bitcoin, including Ethereum, Solana, and other cryptocurrencies with the potential to generate returns through institutional staking and lending. [Foresight News] Next news:According to a report by China Business News, the "Stablecoin Ordinance" will take effect on August 1, 2024, at which time the Hong Kong Monetary Authority will begin accepting license applications. A reporter learned from industry insiders that Hong Kong's stablecoin licenses are relatively scarce and highly sought after, with the number of licenses expected to be only in the single digits. However, in addition to JD.com, Standard Chartered, and Circle, which have already been officially announced, more than 40 companies are preparing to submit applications. Law firms report that there are dozens more potential applicants currently in the consultation or material preparation stage, making the competition extremely fierce. The applicant institutions are basically China's largest financial institutions and internet companies, while some smaller companies intending to apply have little hope. [Foresight News] Next news:On July 9, Trump said that Federal Reserve Chairman Powell should resign immediately. (Golden Ten) [BlockBeats] Next news:Blockchain technology company BTCS (Nasdaq: BTCS ) has announced plans to raise $100 million in 2025 to purchase Ethereum and build a leading publicly traded company focused on Ethereum infrastructure. Subject to market conditions, the company plans to raise funds on a rolling basis to acquire Ethereum and is committed to maximizing capital efficiency. [Foresight News] Next news:Private investment platform Linqto has filed for Chapter 11 bankruptcy protection under U.S. bankruptcy law. The company also holds 4.70 million shares of Ripple purchased on the private market. Ripple CEO Brad Garlinghouse clarified last week that Linqto owns 4.70 million secondary shares of Ripple but has no business relationship with the company. Based on a secondary market stock price of $95.5, Linqto's holdings of Ripple stock may be worth approximately $450.00 million. [Foresight News] Next news:Between June 28th and July 4th, SharpLink Gaming purchased approximately 7,689 ETH at an average price of approximately $2,501.00, for a total value of approximately $19.20 million. Currently, SharpLink Gaming holds approximately 205,634 ETH. [Foresight News] Next news:On July 8, Grayscale Investments® announced the second quarter 2025 rebalancing of its multi-asset funds. The DeFi Fund added Ondo (ONDO), with the largest weights currently being Uniswap (34.01%) and Aave (30.74%); the Smart Contract Fund removed Polkadot and added Hedera, with Ethereum and Solana accounting for 30.22% and 29.87% respectively; the AI Fund maintained its original assets but adjusted the weights, with Bittensor and NEAR Protocol accounting for 29.10% and 28.41% respectively. Grayscale stated that these funds do not generate income and will periodically allocate fund components to pay ongoing expenses, so the number of asset components represented by the fund shares will gradually decrease over time. [Deep Tide TechFlow] Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.

SoSo Daily Jul 8 | BlackRock's Bitcoin spot ETF IBIT holds over 700,000 BTC

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.  Grab a coffee because something quietly massive is happening in the background. BlackRock is closing in on a milestone that could rewrite Bitcoin (BTC) ownership history. With steady accumulation through its ETF (exchange-traded funds), the asset management titan is approaching Satoshi Nakamoto’s legendary wallet as the single largest holder of Bitcoin on the planet. Crypto News of the Day: BlackRock is 62% Away from Surpassing Satoshi’s Bitcoin Stash BlackRock’s spot Bitcoin ETF, IBIT, has reached a new milestone, accumulating 700,000 BTC. Lauding this momentum, ETF analyst Eric Balchunas indicates that this puts the world’s largest asset manager within striking distance of overtaking Satoshi Nakamoto as the largest single holder of Bitcoin. Satoshi’s estimated holdings stand at roughly 1.1 million BTC, untouched since Bitcoin’s inception. At its current clip, gobbling up 40,000 BTC per month, or about 1,300 BTC daily, IBIT is now 62% there. If the pace holds, IBIT is on track to surpass Satoshi by May 2026, just two years after its launch. That fast growth makes IBIT the youngest member among the top 25 largest ETFs globally by assets under management, at only 1.4 years old. Recently, Balchunas highlighted IBIT as BlackRock’s third-highest revenue-generating ETF out of 1,197 funds, and it is only $9 billion away from being the first. BeInCrypto reported that IBIT had already become BlackRock’s most profitable ETF by fee revenues , overtaking its $624 billion S&P 500 fund (IVV). With Bitcoin trading over $108,000, institutional appetite remains high, and BlackRock is leading the charge. While ETF providers have already collectively surpassed Satoshi’s stash, IBIT may soon hold that title individually. Such a milestone would add to the growing dominance of BlackRock in the crypto investment arena. However, while BlackRock’s rise marks a maturing market, others see it as a centralized threat , contradicting Bitcoin’s original decentralized ethos . In the same tone, others also see rising institutional dominance as a detractor for Bitcoin volatility , with annualized realized volatility decreasing since 2018. Notwithstanding, Bitcoin’s largest holders are no longer pseudonymous coders but Wall Street giants. In a related development, reported in a recent US Crypto News publication, Bitwise CIO Matt Hougan predicted an explosive second half (H2) of the year for Ethereum ETFs . The Bitwise executive forecasted up to $10 billion in inflows into Ethereum ETFs in H2 2025. Chart of the Day Byte-Sized Alpha Here’s a summary of more US crypto news to follow today: Crypto Equities Pre-Market Overview

MAG7.SSI

BlackRock Nears Satoshi’s Bitcoin Stash as IBIT Hits 700,000 BTC | US Crypto News

BlackRock's iShares Bitcoin Trust (IBIT) has amassed over 700,000 BTC, valued at nearly $75.6 billion, making it the third most profitable fund at the asset manager. The fund has been rapidly growing since its debut in January 2024, outperforming other U.S.-listed Bitcoin ETFs.

BlackRock's Spot Bitcoin Now Holds $75.6 Billion in BTC

Bloomberg ETF analyst Eric Balchunas posted on the X platform that BlackRock currently holds nearly 700,000 Bitcoin, only 38% away from surpassing Satoshi Nakamoto to become the single largest Bitcoin holder in the world (if all Bitcoin ETFs are counted as a single management party, they have already surpassed Satoshi Nakamoto). BlackRock's spot Bitcoin ETF, IBIT, is currently absorbing Bitcoin at a rate of 40,000 per month (approximately 1,300 per day), and is expected to reach a holding of 1.20 million coins in May 2026. [Odaily Planet Daily]

Analysis: BlackRock currently holds nearly 700,000 Bitcoin, only 38% away from surpassing Satoshi Nakamoto

On July 8th, Bloomberg Senior ETF Analyst Eric Balchunas posted on social media that BlackRock currently holds nearly 700,000 Bitcoin, only 38% away from surpassing Satoshi Nakamoto as the single largest Bitcoin holder in the world (if all Bitcoin ETFs are counted as a single management entity, they have already surpassed Satoshi Nakamoto). BlackRock's spot Bitcoin ETF, IBIT, is currently absorbing Bitcoin at a rate of 40,000 coins per month (approximately 1,300 per day). At this rate, it is expected to reach a holding of 1.20 million coins by May 2026—a remarkable performance for a product that is only two years old. [BlockBeats]

Bloomberg analyst: BlackRock's Bitcoin holdings surge, just 38% away from surpassing Satoshi Nakamoto

July 8th, Bloomberg's Senior ETF Analyst Eric Balchunas posted on social media, stating that BlackRock currently holds nearly 700,000 bitcoins, only 38% away from surpassing Satoshi Nakamoto to become the world's single largest bitcoin holder. (If all bitcoin ETFs are considered as a single entity managed by one, they have already exceeded Satoshi Nakamoto long ago). BlackRock's bitcoin spot ETF—IBIT, is currently absorbing bitcoins at a rate of 40,000 per month (approximately 1,300 per day). At this pace, it is estimated that the holding will reach 1.2 million bitcoins by May 2026—a remarkably impressive performance for a product that has just turned two years old. [BlockBeats News]

Bloomberg Analyst: BlackRock's Bitcoin Holdings Surge, 38% Away from Surpassing Satoshi Nakamoto

On July 8, Bloomberg senior ETF analyst Eric Balchunas posted on social media that BlackRock currently holds nearly 700,000 Bitcoin, only 38% away from surpassing Satoshi Nakamoto to become the single largest Bitcoin holder in the world (if all Bitcoin ETFs are counted as a single management party, they have already surpassed Satoshi Nakamoto). BlackRock's spot Bitcoin ETF, IBIT, is currently absorbing Bitcoin at a rate of 40,000 coins per month (approximately 1,300 per day). At this rate, it is expected to reach a holding of 1.20 million coins by May 2026—a remarkable performance for a product that is only two years old. [BlockBeats]

Bloomberg analysts: BlackRock's Bitcoin holdings surge, just 38% away from surpassing Satoshi Nakamoto

Asset manager and ETF issuer BlackRock has been steadily stacking Bitcoin, pushing its holdings to new highs. BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 700,000 BTC (BTC), accounting for roughly 55% of the total Bitcoin held across all US spot Bitcoin ETFs. Valued at over $80 billion at current prices, the milestone follows its latest purchase of 1,388 BTC as part of its ongoing aggressive accumulation, according to ApolloSats co-founder Thomas Fahrer. IBIT has recorded immense success since launched, amassing $76 billion in assets under management (AUM) and accounting for 96% of net inflows across all Bitcoin ETFs to date. The fund has constantly reinforced its position as a top performer among the investment products that debuted in January 2024, now generating more annual revenue than BlackRock’s long-standing S&P 500 ETF, IVV. Despite IVV holding significantly more AUM at $624 billion, the Bitcoin fund has turned into a bigger moneymaker for the world’s largest asset manager, earning $187.2 million in annual fees over the other’s $187.1 million. With its portfolio milestone, BlackRock ranks among the largest Bitcoin holders globally, surpassing even top corporate holders like Strategy, Tesla, and Coinbase. Several industry figures have called the milestone remarkable. ETF Store president Nate Geraci reacted to the news on X, noting that the 700,000 BTC milestone in just 18 months is “ridiculous.”  BlackRock also led the latest wave of Bitcoin ETF inflows on July 7, pulling about $165 million of the total $217 million recorded, according to SoSoValue data. IBIT’s rapid rise has started to attract global attention. Recently, Bloomberg reported that Italy’s UniCredit SpA plans to launch a five-year, dollar-denominated investment certificate tied to IBIT for professional investors. The product will offer exposure to digital assets without requiring direct crypto custody or wallets. Meanwhile, BlackRock’s Ethereum ETF is also gaining momentum, posting steady inflows and nearing $5 billion in AUM.

SOSO

BlackRock hits 700K BTC milestone with latest purchase

BlackRock's IBIT spot Bitcoin exchange-traded fund surpassed 700,000 BTC ($76 billion) in assets under management on Monday, 18 months after its launch in January 2024.

IBIT accumulated 698,919 BTC by July 3, according to its fund page, with around 1,510 BTC in net inflows on July 7, taking it over the milestone after the Independence Day holiday in the U.S., K33 Head of Research Vetle Lunde noted on X.

"New milestone… iShares Bitcoin ETF now holds over 700,000 BTC," Nate Geraci, president of NovaDius Wealth Management (formerly The ETF Store), said. "*700,000* in 18 months. Ridiculous."

IBIT is now the 3rd highest revenue-generating ETF for BlackRock out of 1,197 funds and is only $9 billion away from being the first, Bloomberg Senior ETF Analyst Eric Balchunas previously highlighted.

IBIT overtook Grayscale's converted and higher-fee GBTC fund by AUM just over a year ago, catching the product that had a head start over the other spot Bitcoin ETFs in assets and hasn't looked back since.

In fact, Fidelity's FBTC product has also surpassed GBTC for second place, with over 200,000 BTC in AUM. Meanwhile, GBTC's post-conversion bitcoin holdings have decreased by about 70%, from around 619,220 BTC to 184,226 BTC, according to its latest disclosures. GBTC originally operated as a private placement fund before transitioning to public trading on the OTC market in 2015, followed by its ultimate conversion to an ETF.

The combined assets held by all U.S. spot bitcoin ETFs are now at approximately 1.25 million BTC ($135 billion), according to CoinGlass data — nearly 6% of bitcoin's total 21 million supply. IBIT accounts for approximately 56% of that AUM alone — greater than Strategy's 597,325 BTC ($65 billion) stack, for comparison.

The U.S. spot Bitcoin ETFs also passed the $50 billion cumulative inflow milestone on Monday after adding another $1.2 billion over the past three trading days, according to data compiled by The Block.

BlackRock's IBIT again leads those total combined inflows since the Bitcoin ETFs' 2024 debut with $52.9 billion. Additional net inflows into the other funds are offset by around $23.3 billion in net outflows from Grayscale's GBTC.

IBIT also dominates by volume, accounting for around 80% of $2.9 billion in trading on Monday.

BlackRock's spot Bitcoin ETF IBIT surpasses 700,000 BTC in assets under management

On July 8, according to official data, BlackRock's Bitcoin spot ETF currently holds approximately 698,900 Bitcoins, worth approximately $76.314 billion, accounting for approximately 3.32% of the total Bitcoin supply. [BlockBeats]

BlackRock's Bitcoin spot ETF holdings are approaching 700,000 coins, worth approximately $76.314 billion

On July 8th, according to official data, the BlackRock Bitcoin Spot ETF currently holds approximately 698,900 bitcoins, worth about $76.314 billion, accounting for approximately 3.32% of the total Bitcoin supply. [BlockBeats News]

BlackRock Bitcoin Spot ETF holdings approaching 700,000 coins, worth approximately $76.314 billion

Apollo co-founder Thomas Fahrer said that BlackRock's spot Bitcoin ETF IBIT holds 700,307 coins. (Cointelegraph) [Odaily Planet Daily]

BlackRock's Bitcoin spot ETF IBIT holds over 700,000 BTC

On July 8, Cointelegraph reported that BlackRock's Bitcoin spot ETF IBIT holds over 700,000 BTC, worth approximately $75.5 billion. According to Apollo co-founder Thomas Fahrer, BlackRock's Bitcoin spot ETF IBIT holds 700,307 BTC. [BlockBeats]

July 8th, according to Cointelegraph, the BlackRock Bitcoin Spot ETF (IBIT) holds over 700,000 BTC, worth approximately $75.5 billion. According to Apollo co-founder Thomas Fahrer, the BlackRock Bitcoin Spot ETF (IBIT) holds 700,307 BTC. [BlockBeats]

BlackRock Bitcoin Spot ETF (IBIT) Holds Over 700,000 BTC

BlackRock’s spot Bitcoin exchange-traded fund has just crossed over 700,000 BTC, worth approximately $75.5 billion, after registering another $164.6 million inflow on Monday. BlackRock, the world’s largest asset manager, now holds 700,307 BTC in its iShares Bitcoin Trust (IBIT) ETF, according to Apollo co-founder Thomas Fahrer. BlackRock’s own iShares website shows IBIT held 698,919 BTC as of Thursday, and as such, the fund added 1,388 BTC in two trading sessions. IBIT accounts for more than 55% of the total BTC held in US spot Bitcoin ETFs, according to Bitbo. Since its inception in January 2024, the fund has delivered a total return of 82.67%. The recent Bitcoin milestone comes amid reports that BlackRock now earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF. Meanwhile, US Bitcoin exchange-traded funds, combined with Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, have purchased more Bitcoin than the supply generated by miners almost every month so far this year, according to Galaxy Research. Related: Strategy Inc vs. BlackRock: Which is the better Bitcoin proxy stock for your portfolio? Strategy and the US Bitcoin ETFs have collectively bought Bitcoin worth $28.22 billion in 2025, while Bitcoin miners’ net new issuance has amounted to $7.85 billion during the same period. As of June, the combined entities have bought more Bitcoin than the new supply being generated each month, except in February, when the combined entities sold Bitcoin worth $842 million. Meanwhile, the United States Securities and Exchange Commission is reportedly looking to simplify the crypto ETF approval process. Under the new structure, ETF issuers will only need to file Form S-1 and wait for 75 days. If the SEC has no objections, the issuer can list its ETF on the exchange. Earlier this month, REX-Osprey Solana and Staking ETF became the first ETF in the US to offer investors exposure to a staked crypto ETF, with investors being given exposure to SOL along with its staking rewards. Magazine: Bitcoin vs stablecoins showdown looms as GENIUS Act nears

BlackRock iShares Bitcoin ETF surpasses 700K Bitcoin

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has surpassed 700,000 BTC in assets under management just a year and a half after itsdebutin January 2024 as more investors seek exposure to the world’s largest and oldest cryptocurrency.IBIT Hits New MilestoneThe iShares Bitcoin Trust (IBIT) ETF had already accumulated 698,919 BTC as of July 3,according tothe fund’s page. IBIT’s 1,510 BTCin net inflows on July 7 was enough to tip it over the 700,000 BTC milestone after the Independence Day holiday in the United States. That makes its assets under management worth around $75.5 billion based on current prices, perCoinGeckodata.“New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. *700,000*Did this in 18 months. Ridiculous,” Nate Geraci, president of The ETF Store,observedin an X post.IBIT has notably become the most actively traded spot Bitcoin ETF since its launch, now holding over 3% of Bitcoin’s total capped supply of 21 million. Aspointed outby Bloomberg’s senior ETF analyst Eric Balchunas, the iShares BTC fund is now the third highest revenue-generating ETF for the world’s largest asset manager out of 1,197 funds and is just $9 billion away from being the first.How Close Is BlackRock’s ETF To Overtaking Satoshi?The U.S. spot Bitcoin ETFs also crossed the $50 billion cumulative inflow milestone on Monday, with BlackRock’s IBIT again leading those total combined inflows.With 700K BTC in possession, BlackRock’s iShares Bitcoin Trust has overtaken the nearly 600,000 Bitcoins held by Michael Saylor’s Strategy, which started purchases in 2020. Strategy is currently the world’s largest corporate Bitcoin holder.Since the historic introduction of the 11 U.S. spot Bitcoin ETFs has become one of the most successful ETF launches of all time. They have so far amassed 1.25 million BTC,usurpingthe Bitcoin stockpile supposedly owned by the legendary pseudonymous Bitcoin creator, Satoshi Nakamoto.Accordingto Balchunas, BlackRock’s IBIT alone is now 62% of the way to exceeding Satoshi as the top holder of Bitcoin in the world.

BlackRock’s iShares Bitcoin ETF Achieves Unprecedented 700K BTC Holdings Milestone

BlackRock’s iShares Bitcoin ETF now holds 55% of the total Bitcoin held across all US spot Bitcoin ETFs.

据Cointelegraph报道，截至7月8日，BlackRock的比特币现货ETF IBIT持有超过70万枚BTC，价值约755亿美元。Apollo联合创始人Thomas Fahrer表示，BlackRock的比特币现货ETF IBIT持有70.03万枚BTC。[BlockBeats]

BlackRock 的比特币现货ETF IBIT持有超过70万个BTC

據Cointelegraph報道，截至7月8日，BlackRock的比特幣現貨ETF IBIT持有超過70萬枚BTC，價值約755億美元。Apollo聯合創始人Thomas Fahrer表示，BlackRock的比特幣現貨ETF IBIT持有70.03萬枚BTC。[BlockBeats]