BlackRock's iShares Bitcoin Trust (IBIT) has surpassed the 700,000 BTC mark, reaching approximately $75.6 billion in assets under management just a year and a half after its launch in January 2024. This milestone positions IBIT as the third most profitable fund by revenue at BlackRock, significantly outpacing competitors in the ETF space. Recent data indicates that IBIT has accumulated around 40,000 BTC each month. Analysts suggest this growth, primarily driven by buy-and-hold investors, has contributed to lower Bitcoin volatility, contrasting with previous market cycles. Rajiv Sawhney of Wave Digital Assets notes that the resulting decreased volatility might deter traditional market makers reliant on price fluctuations. Additionally, the fund's notable inflows over recent weeks suggest a shift in investment behavior, indicating sustained interest in Bitcoin as a stable asset. With projections hinting at an asset accumulation of 1.2 million BTC by May 2026, IBIT’s rapid ascent signifies a growing institutional confidence in Bitcoin’s long-term potential.

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