% 1.01
BTC Dominance:
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
$ 66.247
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

BlackRock Funds Acquire Shares in Bitcoin ETF Amid Growing Institutional Interest

Blackrock, Bitcoin Etf

In the first quarter, BlackRock’s income and bond-oriented funds acquired shares of the asset manager’s own spot Bitcoin exchange-traded fund (ETF), according to regulatory records.

May 28 Securities and Exchange Commission filings show BlackRock’s Strategic Income Opportunities Fund (BSIIX) acquired $3.56 million worth of the iShares Bitcoin Trust (IBIT), while its Strategic Global Bond Fund (MAWIX) made a $485,000 buy.

Institutional Investments in Bitcoin ETFs

Comprising $37.4 billion and 776.4 million, respectively, the IBIT shares constitute a subset of the investment portfolios of BSIIX and MAWIX.

According to BlackRock data from May 24, IBIT now owns Bitcoin, valued at $19.61 billion.

It just follows the converted Grayscale Bitcoin Trust (GBTC), with $19.76 billion as of May 28, Grayscale data reveals.

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Based on CoinGecko, Spot Bitcoin ETFs worldwide currently hold over 1 million bitcoins worth over $68 billion, corresponding to around 5.10% of its over 19.7 million BTC circulation supply.

Since they debuted in January, more than 600 US financial companies have purchased spot Bitcoin ETFs; new SEC filings exposed this.

Among the companies purchasing Bitcoin funds were Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS, and hedge funds such as Millennium Management

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