Bitcoin Bull Market Driver: BlackRock Global Allocation Fund's BTC Holdings Grow More Than Tenfold in Six Months

BlackRock has significantly increased its holdings in Bitcoin ETFs through its Global Allocation Fund. Although its allocation in the fund is only 0.1%, the rapidly growing position size indicates that Bitcoin is gradually transitioning from a non-mainstream asset to an important role in traditional financial markets. (Background: Bloomberg analysts: the Dogecoin ETF may be seen after Trump takes office, is DOGE one dollar a dream?) (Additional context: Crypto mom Hester Peirce: ETF physical redemption and staking are expected to start! U.S. crypto regulation may become clearer) According to the documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC) on October 31, the Global Allocation Fund holds 430,770 shares of the spot Bitcoin ETF (IBIT), with a market value exceeding $17 million. This figure represents a 117% increase from 198,874 shares at the end of July, and is more than ten times the 43,000 shares held in the first quarter of this year. Nate Geraci, CEO of the emerging ETF Store, emphasized that IBIT has seen significant capital inflow since its listing less than a year ago, even surpassing many mainstream ETFs that have been around for years, such as iShares MSCI EAFE ETF and Vanguard Total World Stock ETF. In less than a year. You have no idea how absurd that is. According to analysis from investment data platform Farside Investors, IBIT has seen cumulative net inflows of over $37 billion since its launch, approximately three times that of Fidelity's spot Bitcoin ETF (FBTC). IBIT has also become an important driver in the U.S. spot Bitcoin ETF market, supporting a cumulative inflow of $35.4 billion into the market. Bitcoin is moving towards mainstream investment assets. The Global Allocation Fund is one of BlackRock's products, with a total scale reaching $16.5 billion, making it one of the top 35 largest products among over 3,900 ETFs worldwide. It adopts a diversified investment strategy, covering stocks, bonds, money market instruments, and other short-term securities in the U.S. and international markets, and is regularly adjusted by a professional management team. Although the allocation of Bitcoin as a non-traditional asset in the fund is only 0.1%, the position size of IBIT has shown remarkable growth. Based on the current Bitcoin price of approximately $95,000, the total number of Bitcoins managed by IBIT reaches 527,284, with a total value exceeding $5 billion, surpassing the management scale of many gold ETFs. This indicates that Bitcoin is gradually becoming an important asset in traditional financial markets, and as funds continue to flow in, its degree of mainstreaming is expected to further increase in the future. If the allocation ratio continues to rise, the market for investing in Bitcoin will bring more room for imagination. Related reports: Crypto mom Hester Peirce: ETF physical redemption and staking are expected to start! U.S. crypto regulation may become clearer. Bloomberg analysts: the Dogecoin ETF may be seen after Trump takes office, is DOGE one dollar a dream? The U.S. SEC approves the first batch of 'Bitcoin + Ethereum Mixed ETFs,' expected to be listed in January, with huge market demand. "Bitcoin bull market driver) BlackRock Global Allocation Fund's BTC holdings grow more than tenfold in six months." This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).