BlackRock has made a significant move by adding 430,770 shares of its Bitcoin ETF, valued at $17,136,030, to its Global Allocation Fund, as revealed in its latest SEC filing. This development underscores BlackRock's growing interest in Bitcoin, allowing ordinary and passive investors to gain BTC exposure through its funds .
Notably, BlackRock launched its first-ever spot Bitcoin ETF, iShares Bitcoin Trust ETF (IBIT), on Nasdaq in January 2024, providing investors with convenient access to Bitcoin . The company has also filed to add spot Bitcoin ETFs to its global fund, MALOX, which could potentially lead to a significant increase in Bitcoin's market cap .
