Black Rock reported that it holds 430,770 shares of Bitcoin (Bitcoinexchange traded fund (ETF) will go through its Global Allocation Fund. According to A file filing With the U.S. Securities and Exchange Commission (SEC), the stock is worth more than $17 million as of Oct. 31.
as is highlighted By user X identified as MacroScope, the amount of shares reported in BlackRock's most recent filing is 117% higher than the 198,874 shares reported on July 31st.
Additionally, the current amount of IBIT shares reported is more than 10 times higher than the 43,000 shares reported in the first quarter.
The Global Allocation Fund is a BlackRock product that invests in US and foreign equity, debt, money market securities and other short-term securities. Its composition varies periodically.
Despite doubling its bitcoin output, IBIT shares represent just 0.1% of the fund's $16.5 billion global allocation.
A force to be reckoned with
ETF Store CEO Nate Geraci recently is highlighted that IBIT is one of the 35 largest ETFs in terms of assets under management out of more than 3,900 funds.
He added:
Before ETFs like iShares MSCI EAFE ETF, iShares 20+ Year Treasury Bond ETF and Vanguard Total Stock ETF. In less than a year. You don't know how ridiculous it is.”
according to data from Farside InvestorsIBIT raised over $37 billion in positive net flows in less than a year since its launch. That's more than three times the amount recorded by the second-largest ETF by inflows. Loyalty FBTCwhich raised $11.8 billion in capital.
This makes IBIT the primary contributor to the $35.4 billion inflow of U.S.-traded Bitcoin ETFs. In terms of assets under management, IBIT holds 527,284 BTC at the time of publication. according to To heyapollo ETF tracker. This is worth more than $50 billion at the current Bitcoin price of $95,753.77.
Similar to the net flow of spot bitcoin ETFs, IBIT also plays a key role in US-traded BTC investment vehicles, surpassing the total assets under management of gold ETFs.
