The post BlackRock Adds 4,000 Bitcoin ETF (IBIT) Shares To Strategic Global Bond Fund appeared on BitcoinEthereumNews.com.

BlackRock has disclosed an updated Strategic Global Bond Fund portfolio, revealing a notable increase in its Bitcoin holdings. As of June 30, 2024, the fund held 16,000 shares of the iShares Bitcoin Trust (IBIT), up from 12,000 shares reported at the end of May. BlackRock Expands Bitcoin ETF Holdings According to a recent filing, BlackRock’s Strategic Global Bond Fund has increased its exposure to Bitcoin by adding 4,000 shares of the iShares Bitcoin Trust (IBIT). The updated portfolio disclosure reveals that the fund now holds 16,000 shares as of June 30, 2024, compared to 12,000 shares reported at the end of May.  This move indicates a growing interest and confidence in Bitcoin-based exchange-traded funds (ETFs) from one of the world’s largest asset managers. BlackRock today filed an updated portfolio disclosure for its Strategic Global Bond Fund: 16,000 shares of iShares Bitcoin Trust held as of June 30, up from 12,000 shares reported in May. Filing:https://t.co/ADSbiWyZdF — MacroScope (@MacroScope17) August 26, 2024 The increase in holdings comes amid a broader market trend in which institutional investors are increasingly integrating Bitcoin ETFs into their portfolios. BlackRock’s decision to expand its position in the iShares Bitcoin Trust aligns with the ongoing momentum for Bitcoin ETFs globally, as financial institutions seek to diversify their offerings and meet rising investor demand for cryptocurrency exposure. Growing Institutional Interest  Adding Bitcoin ETF shares by BlackRock reflects a wider trend of growing institutional interest in Bitcoin and digital assets. With the recent surge in Bitcoin’s price, nearly approaching the $60,000 mark, many financial firms seek to capitalize on the market’s potential.  This trend is not limited to the United States; other markets, including Hong Kong, have also seen significant growth in Bitcoin ETF assets under management, indicating global investor appetite for regulated crypto products. Furthermore, BlackRock’s increasing allocation…

---

Filed under: News - @ August 27, 2024 3:27 am