The worldwide allocation fund of BlackRock increased its participations in the Bitcoin ETF (IBIT) place by 38.4% during the second quarter, according to a September 26 SEC -Investor.
From July 31, the diversified fund had 1,000,808 IBIT shares with a value of $ 66.4 million, an increase of 723,332 shares on April 30.
The addition of 277,476 shares represents the return of the fund to Bitcoin allocation after reducing exposure earlier this year.
Year-on-year growth shows that the acceptance of Bitcoin is accelerating within BlackRock portfolio management. The fund only had 198,874 IBIT shares from July 31, 2024, which represents an increase of 403% compared to the past twelve months.
Aimed at the reach of 1% -2%
IBIT represents 0.4% of the assets of $ 17.1 billion of the Global Allocation Fund under managed, an increase of 62.5% compared to the allocation of 0.25% registered in the first quarter.
The current weighting marks considerable growth compared to the 0.1% position in October 2024.
BlackRock advised 1% to 2% Bitcoin allocation as a “reasonable reach” in its model portfolio on 28 February, with the positioning of the Global Allocation Fund under the target range.
The recent increases indicate movement in the direction of this recommended level of exposure due to gradual and cautious accumulation.
The Global Allocation Fund invests in American and international shares, debt certificates, money market instruments and other short -term assets. Portfolio composition varies periodically in response to market conditions and investment options.
In January 2024, BlackRock launched Ibit as part of the first wave of Spot Bitcoin ETFs approved by the Securities and Exchange Commission. From September 25, the fund has the largest Bitcoin ETF, with almost $ 61 billion in cumulative net flows.
The methodical approach to the Global Allocation Fund for Bitcoin -allocation shows institutional investment strategies for crypto -exposure.
BlackRock continues to build its position in the direction of recommended portfolio weights and at the same time manage volatility through gradual accumulation.
