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As of the end of September, BlackRock holds IBIT shares worth 78 million US dollars through two investment funds

As of the end of September, BlackRock holds IBIT shares worth 78 million US dollars through two investment funds

Bitget2024/11/29 01:33

According to reports, newly shared documents by the U.S. Securities and Exchange Commission (SEC) show that BlackRock has increased its holdings in the iShares Bitcoin Trust (IBIT) for its two funds, totaling $78 million as of September 30.

The BlackRock Strategic Income Opportunities Fund (BSIIX), which manages $39 billion in assets, disclosed that it added over 2 million shares of IBIT to its portfolio during the period ending September 30. Currently, the fund holds 2,140,095 shares of IBIT, valued at approximately $77 million. Another document reveals that the BlackRock Strategic Global Bond Fund (MAWIX), managing $816 million in assets, purchased over 24,000 shares of IBIT, increasing its total holdings to 40,682 shares, valued at about $1.4 million. Both funds are managed by Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income.

Since trading began in January, IBIT has grown rapidly, with its managed assets reaching about $48 billion as of November 27. The fund has surpassed its gold-focused counterpart, the iShares Gold Trust Fund (IAU), which manages about $33 billion in assets. IBIT has attracted a diversified group of investors including hedge funds, pension funds, and institutional investors. In the latest 13F filings, Millennium Management leads with approximately $848 million in IBIT shares, followed by Goldman Sachs with $461 million, and Capula Management holding $308 million.

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