Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

BlackRock

BlackRock’s income and bond-focused funds have bought shares of the asset manager’s own spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) exchange-traded fund (ETF) in the first quarter, regulatory filings show.
BlackRock’s Strategic Income Opportunities Fund (BSIIX) <a href="https://www.sec.gov/Archives/edgar/data/1738078/000175272424120138/BLK_Strat_Inc_Opps.htm" rel="noopener noreferrer nofollow" target="_blank">snapped</a> up $3.56 million worth of the iShares Bitcoin Trust (IBIT) while its Strategic Global Bond Fund (MAWIX) <a href="https://www.sec.gov/Archives/edgar/data/835620/000175272424120454/NPORT_896K_32142591_0324.htm" rel="noopener noreferrer nofollow" target="_blank">made</a> a $485,000 purchase, according to May 28 Securities and Exchange Commission filings.
The IBIT shares are a fraction of BSIIX and MAWIX’s investment <a href="https://www.blackrock.com/us/in" rel="noopener noreferrer nofollow" target="_blank">portfolios</a>, respectively worth $37.4 billion and 776.4 million.
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 The BlackRock Strategic Income Opportunities Fund’s purchase of 88,000 IBIT shares. Source: SEC
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IBIT currently holds $19.61 billion worth of Bitcoin, <a href="https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust" rel="noopener noreferrer nofollow" target="_blank">according</a> to BlackRock data from May 24.
It only trails the converted Grayscale Bitcoin Trust (GBTC), which holds $19.76 billion as of May 28, Grayscale data <a href="https://etfs.grayscale.com/gbtc" rel="noopener noreferrer nofollow" target="_blank">shows.</a>
Spot Bitcoin ETFs globally now <a href="https://cointelegraph.com/news/bitcoin-exchange-traded-products-hold-over-1-million-btc">hold over 1 million</a> Bitcoin worth over $68 billion — equating to nearly 5.10% of its over 19.7 million BTC circulating supply <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinGecko.
Related:<a href="https://cointelegraph.com/news/mt-gox-labeled-bitcoin-wallet-moves-millions-new-address"> Mt. Gox-labeled wallets move billions in Bitcoin amid hopes of payback</a>
More than 600 United States investment firms have <a href="https://cointelegraph.com/news/600-firms-billions-investment-bitcoin-etf">bought spot Bitcoin ETFs</a> since they launched in January, recent SEC filings revealed.
Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS and hedge funds including Millennium Management and Schonfeld Strategic Advisors were some of the firm’s buying up Bitcoin funds.
Millennium is the <a href="https://cointelegraph.com/news/hedge-fund-millennium-management-two-billion-bitcoin-etf-holdings">largest spot Bitcoin ETF accumulator,</a> with $1.9 billion invested, including $844.2 million into IBIT and $806.7 million into the Fidelity Wise Origin Bitcoin Fund (FBTC).
On May 23, BlackRock was one of eight firms to have its spot Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) ETF bid <a href="https://cointelegraph.com/news/sec-spot-ether-etf-approved">approved in the U.S.</a> but the SEC must approve the firm’s Form S-1 filings for the products to start trading.
Magazine: <a href="https://cointelegraph.com/magazine/hong-kong-bitcoin-etf-launch-in-top-20-strk-scam-suspect-busted-asia-express/">Hong Kong Bitcoin ETF launch in ‘top 20%,’ STRK scam suspect busted: Asia Express</a>

BlackRock adds own Bitcoin ETF to income and bond funds

Cointelegraph

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