The global allocation fund of BlackRock increased its exposure to Bitcoin (BTC) via its spot-exchange-related fund, Ishares Bitcoin Trust (IBIT), with around 1,810% since the ETF was launched in January 2024.
By one submit The fund was submitted to the US Securities and Exchange Commission (SEC) on 2 March and held 821,664 IBIT shares from January 31, with a value of approximately $ 47.4 million.
For comparison: it only held up 43,000 Ibit shares at the end of the first quarter of 2024.
Incremental allocation since July
The latest disclosure also reflects a wider trend of steady accumulation by the Global Allocation Fund.
The exposure of the fund has risen 91% since the end of the third quarter of 2024 when it reported 430,770 IBIT -shares. The position was worth a little more than $ 17 million at that time.
In the meantime, the last number of shares is about 4x higher than the 198,874 shares that were registered at the end of the second quarter. The consistent upward process in the Bitcoin exposure of the fund in the past year indicates a continuing interest in increasing exposure to Bitcoin.
The Global Allocation Fund, which manages around $ 15.8 billion in diversified assets on American and international shares, fixed -income income, money markets and effects in the short term, now assigns 0.25% of its portfolio to IBIT.
Despite the small percentage, this marks a significant increase compared to the share of 0.1% reported in October. The AT van increase indicates a growing willingness of BlackRock to integrate digital assets into traditional fund structures.
In addition, BlackRock Bitcoin included in its $ 150 billion model portfolio, with a target allocation of 1% to 2% in IBIT.
The shift also emphasizes the growing role of spot Bitcoin ETFs within diversified institutional investment strategies, in particular in the context of multi-asset portfolios managed by global companies.
A recent report per river unveiled That hedge funds and registered investment advisers have increased their Bitcoin exposure via ETFs by around 357% in 2024 to reach a total of $ 34.3 billion.
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