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I have recently seen many who claim Bitcoin ETFs don’t have the BTC they say they have.
Grok says this.
Anyone can independently verify the Bitcoin holdings of BlackRock's iShares Bitcoin Trust (IBIT) on the Bitcoin blockchain, as IBIT is a spot ETF that directly holds actual Bitcoin (custodied primarily by Coinbase).
Official Reported Holdings
BlackRock publishes daily holdings on its iShares website. As of the most recent data (early January 2026), IBIT holds approximately **773,990 BTC** (valued at around $70 billion, depending on Bitcoin's price). This is disclosed transparently, including the exact quantity of Bitcoin.
On-Chain Verification
Third-party blockchain analytics platforms have identified and track the public wallet addresses associated with IBIT's holdings:
- Arkham Intelligence
labels and monitors the BlackRock/IBIT entity, allowing anyone to view the addresses, transaction history, and total balance directly on the Bitcoin blockchain.
- The Block
provides a dedicated dashboard for IBIT's on-chain holdings, showing daily BTC balances that align closely with BlackRock's official reports.
- Other trackers like Bitbo or Blockworks aggregate similar on-chain data for all major spot Bitcoin ETFs.
To verify yourself:
1. Visit BlackRock's IBIT page for the official BTC quantity.
2. Cross-check on platforms like Arkham (search for "BlackRock" or "IBIT") or The Block's ETF tracker.
3. Use a Bitcoin blockchain explorer to inspect the specific addresses and sum the balances/transactions.
BlackRock also runs its own Bitcoin nodes to internally verify holdings nightly, adding an extra layer of assurance. While BlackRock doesn't officially publish the exact addresses (for security reasons), the on-chain data consistently matches their disclosures, providing strong public verifiability.
This transparency is a key feature of regulated spot Bitcoin ETFs, distinguishing them from less verifiable products. Note that minor discrepancies can occur due to timing (e.g., creations/redemptions), but overall alignment is excellent.