BlackRock reported holding 430,770 shares of its spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT through its Global Allocation Fund. According to a filing with the US Securities and Exchange Commission (SEC), the shares amount to over $17 million as of Oct. 31.
As highlighted by X user identified as MacroScope, the amount of shares reported in BlackRock’s recent filing is 117% larger than the 198,874 shares reported on July 31.
Additionally, the current amount of IBIT shares reported is over 10 times higher than the 43,000 shares registered in the first quarter.
The Global Allocation Fund is a BlackRock product that invests in equities from the US and foreign markets, debt, money market securities, and other short-term securities. Its composition varies periodically.
Despite doubling down on its own Bitcoin product, the IBIT shares represent only 0.1% of the Global Allocation Fund’s $16.5 billion total size.
A force to be recognized
The ETF Store CEO Nate Geraci recently highl
We współpracy z: https://cryptoslate.com/blackrock-doubles-down-on-ibit-exposure-through-its-global-allocation-fund/
