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BlackRock’s in-house portfolio has been softly accumulating shares of its Bitcoin exchange-traded money (ETF), underscoring the plus manager’s increasing committedness to the cryptocurrency arsenic portion of a broader diversification strategy.
As of March 31, 2025, the BlackRock Strategic Income Opportunities Portfolio held 2,123,592 shares of the company’s iShares Bitcoin Trust (IBIT), valued astatine $99.4 million, according to filings with the US Securities and Exchange Commission (SEC). That’s a notable uptick from Dec. 31, 2024, erstwhile the portfolio held 1,691,143 IBIT shares.
The BlackRock Strategic Income Opportunities Portfolio’s consolidated docket of investments arsenic of March 31, 2025. Source: SECBlackRock’s IBIT was among 11 spot Bitcoin ETFs approved by the SEC successful January 2024. Since then, it has emerged arsenic the largest money successful its class with much than $72 cardinal successful nett assets, according to Bitbo data.
The second-largest US Bitcoin ETF is the Fidelity Wise Origin Fund (FBTC), which trails IBIT successful nett assets by $50 billion.
The Strategic Income Opportunities Portfolio is chiefly a bond-focused strategy that besides seeks diversified vulnerability to different markets, aiming to boost full returns portion preserving capital, BlackRock’s prospectus reads.
Source: MacroScopeRelated: Spot Bitcoin ETFs broke records successful 2024 — Can they bash it again successful 2025?
Bitcoin ETF request continues to emergence among organization investors
US spot Bitcoin ETFs shattered records successful their debut year, and 2025 is shaping up to present a akin performance.
As reported by Cointelegraph, May is shaping up to beryllium a grounds period for spot ETFs, which saw much than $1.5 cardinal successful nett inflows implicit conscionable 2 days.
BlackRock’s IBIT has driven overmuch of that growth, posting accordant inflows since April 9, including aggregate days with nett buys topping $500 million.
Net inflows bespeak that plus managers are buying shares of the Bitcoin ETFs to conscionable increasing capitalist demand.
Using the aboriginal occurrence of golden ETFs arsenic a benchmark, asset manager Bitwise precocious projected that Bitcoin money inflows could scope $120 cardinal this twelvemonth and much than treble to $300 cardinal by 2026.
In presumption of nett inflows, Bitcoin ETFs vastly outperformed golden ETFs successful their debut year. This inclination is expected to proceed successful the coming years. Source: Bitwise Asset ManagementWhile spot Bitcoin ETFs person opened the doorway for retail and organization investors, a large untapped marketplace remains: the wealthiness absorption platforms and wirehouses of large institutions, Bitwise analysts Juan Leon, Guillaume Girard and Will Owens wrote successful the report.
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