CandleFocus BlackRock doubles down on IBIT exposure through its Global Allocation Fund
2024-12-26
Author: Content Editor
BlackRock, the world's largest asset manager, has reported holding over 430,000 shares of its spot Bitcoin exchange-traded fund (ETF) IBIT, amounting to over $17 million. This represents a 117% increase in shares since July and is over 10 times higher than the shares held in the first quarter. Despite the significant increase, the IBIT shares only make up 0.1% of BlackRock's Global Allocation Fund. IBIT has seen positive net flows of over $37 billion since its launch, surpassing other Bitcoin ETFs and even gold ETFs in terms of assets under management.
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