In what is a major development for the Cryptocurrency industry, Blackrock’s global allocation fund has revealed $ 47.4 million in Bitcoin ETF Holdings. In fact, $ 11 trillion asset managers have increased its Ishare’s Bitcoin Trust (Ibit) shares by 91%, according to one New archiving with US Securities and Exchange Commission (SEC).
The official archiving, which was done on Thursday, shows that the fund has continued to increase its shares in Blackrock-published Bitcoin ETF throughout the end of last year. Specifically, the investment strategy has added 390,894 IBIT shares to its portfolio from November 2024 to January 2025.
Just in: Blackrock’s Global Allocation Fund reveals $ 47.4 million in Bitcoin ETF Holdings.
– watcher.guru (@watcherguru) March 27, 2025
Blackrock Global Allocation Fund Increases Bitcoin ETF Holdings by 91%
Since the end of 2024, the potential of the Cryptocurrency market has increased. In fact, the asset class has remained a clear focus this year, with a number of nations trying to implement the implementation Favorable regulation It encourages its growth and development.
It has stimulated several units to increase exposure in the growth industry. Among them is the Blackrock’s Global Allocation Fund, which has revealed $ 47.4 million in Bitcoin ETF Holdings. The move is part of a continued investment strategy, as the holdings have increased from only 43,000 shares in April 2024 to more than 390,000 shares added at the beginning of this year.
Also read: Blackrock expands Crypto Reach: Buidl Fund Now on Solana
Ishares Bitcoin Trust has increased investment interest from hedge funds over the past year. With the asset classes that are expected to increase in value, increased exposure has been a gathering point. Abu Dhabi has seen its sovereign wealth funds Buy almost $ 437 million in Bitcoin ETF shares during the first quarter of last year.