BlackRock’s Global Allocation Fund has increased its exposure to Bitcoin (BTC) by approximately 1,810% since the ETF was launched in January 2024 through the Ishares Bitcoin Trust (IBIT), a spot exchange trade fund.
According to Submit The fund filed with the U.S. Securities and Exchange Commission (SEC) on March 2, held 821,664 shares of IBIT as of January 31, valued at approximately $47.4 million.
In comparison, it was held 43,000 shares of IBIT at the end of the first quarter 2024.
Incremental allocations after July
The most recent disclosures also reflect a broader trend in steady accumulation by the Global Allocation Fund.
Fund exposure is increasing 91% since the end of the third quarter of 2024 Reported 430,770 IBIT strains. This position was worth just over $17 million at the time.
Meanwhile, the latest She account is about four times higher than the 198,874 shares recorded at the end of the second quarter. The consistent upward trajectory of funds’ exposure to Bitcoin over the past year shows persistent interest in increasing exposure to Bitcoin.
The Global Allocation Fund, which manages approximately $15.8 billion of diversified assets in US and international equities, bonds, money markets and short-term securities, currently allocates 0.25% of its portfolio to IBIT.
Despite a small percentage, this is a significant increase from the 0.1% portfolio share reported in October. The increase indicates an increase in willingness from BlackRock to integrate digital assets into traditional fund structures.
Additionally, BlackRock has incorporated Bitcoin into its $150 billion model portfolio, with a 1% to 2% target allocation to IBIT.
This shift also highlights the growing role of spot Bitcoin ETFs within diversified institutional investment strategies, particularly in the context of multi-asset portfolios managed by global companies.
Recent Reports by River It was revealed Its hedge funds and registered investment advisors increased Bitcoin exposure by about 357% through ETFs in 2024, totaling $34.3 billion.
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