BlackRock's internal investment portfolio has increased its holdings in the IBIT Bitcoin (BTC) ETF by 25%.

CN
3 days ago

BlackRock's internal investment portfolio has been quietly increasing its holdings in its Bitcoin exchange-traded fund (ETF), highlighting the asset management company's growing commitment to cryptocurrency as part of a broader diversification strategy.

As of March 31, 2025, according to filings with the U.S. Securities and Exchange Commission (SEC), the BlackRock Strategic Income Opportunities Portfolio held 2,123,592 shares of the company's iShares Bitcoin Trust (IBIT), valued at $99.4 million. This represents a significant increase from the 1,691,143 shares of IBIT held as of December 31, 2024.

BlackRock's IBIT is one of the 11 spot Bitcoin ETFs approved by the SEC in January 2024. According to Bitbo data, it has since become the largest fund in its category, with net assets exceeding $72 billion.

The second-largest Bitcoin ETF in the U.S. is the Fidelity Wise Origin Fund (FBTC), which trails IBIT by about $50 billion in net assets.

BlackRock's prospectus indicates that the Strategic Income Opportunities Portfolio primarily focuses on a bond-centric strategy while also seeking diversified exposure to other markets, aiming to enhance total returns while preserving capital.

The U.S. spot Bitcoin ETFs broke multiple records in their first year, and 2025 seems poised to show similar performance.

According to Cointelegraph, May is expected to be a record month for spot ETFs, with over $1.5 billion in net inflows recorded in just two days.

BlackRock's IBIT has driven much of the growth, consistently recording net inflows since April 9, including several days with net purchases exceeding $500 million.

Net inflows indicate that asset management companies are buying shares of Bitcoin ETFs to meet the growing demand from investors.

Using the early success of gold ETFs as a benchmark, asset management company Bitwise recently predicted that inflows into Bitcoin funds could reach $120 billion this year, potentially doubling to $300 billion by 2026.

While spot Bitcoin ETFs have opened doors for retail and institutional investors, Bitwise analysts Juan Leon, Guillaume Girard, and Will Owens noted in a report that there remains a significant untapped market: wealth management platforms and brokerage firms catering to major institutions.

Related: Trump Media Group changes stance, confirms $2.5 billion Bitcoin (BTC) capital raise

Original article: “BlackRock Internal Portfolio Increases IBIT Bitcoin (BTC) ETF Holdings by 25%”

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