According to a report from The Block, documents submitted to the US Securities and Exchange Commission (SEC) reveal that BlackRock, a large asset management company, has purchased shares of its Bitcoin spot ETF (with the stock code IBIT) through its Strategic Income Opportunities Fund and Strategic Global Bond Fund.
According to the documents, the BlackRock Strategic Income Opportunities Fund purchased nearly $3.6 million worth of IBIT shares in the first quarter of 2024, while the BlackRock Strategic Global Bond Fund purchased $486,000 worth of IBIT shares. Both funds, which include the Bitcoin spot ETF shares in their investment portfolios, are managed by Rick Rieder, Global Fixed Income Investment Chief of BlackRock.
Since its launch in January, BlackRock’s IBIT has attracted more new funds than any other Bitcoin spot ETF. According to a previous report from Zombit, statistical data shows that the value of Bitcoin held by BlackRock’s IBIT has exceeded $19.68 billion after Tuesday’s trading day, officially surpassing the Grayscale Bitcoin Trust Fund (GBTC) to become the largest Bitcoin spot ETF in terms of asset under management.
Source: HODL15Capital
Related report: “More than 900 institutions hold Bitcoin ETF, nearly 10 times more than gold ETF, according to US 13F filings!”
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