BlackRock Boosts Bitcoin Trust Holdings

BlackRock Increases Bitcoin Trust (IBIT) Holdings

BlackRock's Global Allocation Fund substantially increased its investment in the iShares Bitcoin Trust (IBIT), acquiring an additional 390,894 IBIT units between November 2024 and January 2025. This represents a 91% increase, bringing its total holdings to 821,664 shares valued at approximately $47 million as of January 31, 2025. This is according to a recent SEC filing.

Key Takeaways:

• Significant increase in IBIT holdings by BlackRock's Global Allocation Fund.
• BlackRock's continued investment across multiple funds demonstrates growing institutional confidence in Bitcoin.
• This follows substantial investments from other major institutional investors.

This latest move builds upon BlackRock's steady acquisition of IBIT shares, starting with 43,000 shares in April 2024 and reaching 198,874 shares by July 2024. This consistent growth showcases BlackRock's long-term strategy and belief in the Bitcoin market.

Beyond the Global Allocation Fund, BlackRock manages other funds with substantial IBIT investments. Previously, the firm reported holdings of approximately $77 million in IBIT shares within the Strategic Income Opportunities (BSIIX) fund and roughly $1.4 million within the Strategic Global Bond (MAWIX) fund (as of September 30, 2024).

BlackRock's Bitcoin Trust has attracted considerable attention from institutional investors, including:

• Mubadala Investment Company: Invested nearly $437 million in IBIT during Q1 2024.
• State of Wisconsin Investment Board (SWIB): Held $321 million in IBIT by the end of 2024.

As of March 25, 2025, BlackRock's Bitcoin fund boasted approximately $49.5 billion in assets under management, demonstrating the considerable scale of institutional interest in the product. This substantial growth in IBIT holdings highlights the increasing institutional adoption of Bitcoin and underlines its potential as an asset class.

Disclaimer: This information is for educational purposes only and is not financial advice. Conduct thorough research before making any investment decisions.

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