BlackRock Global Allocation Fund increases BTC investment exposure through IBIT, holding value reaches $47.4 million
BlackRock's Global Allocation Fund, which manages approximately $15.8 billion in diversified assets, has increased its BTC investment exposure through the Bitcoin Exchange Traded Fund IBIT. According to the documents submitted to the U.S. Securities and Exchange Commission (SEC), as of January 31, 2025, the fund held 821,664 shares of IBIT (valued at $47.4 million, accounting for 0.25% of the portfolio), compared to only 43,000 shares at the end of the first quarter of 2024, indicating that BlackRock's Global Allocation Fund's investment in Bitcoin continues to trend upwards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC and Ripple reach preliminary settlement agreement, both parties apply to suspend appeal process
US spot Bitcoin ETFs saw a net outflow of $149.66 million yesterday
Vitalik Shares Ethereum L1 Simple Privacy Roadmap
The Trump put was struck, but at what cost?
The administration announced a pause on reciprocal tariffs, but the bond market shows signs of trouble
Trending news
MoreCrypto prices
More
