BlackRock's Global Allocation Fund is an investment product that invests in short-term securities such as stocks, bonds, money market securities, etc. in the U.S. and overseas markets. The fund's investment portfolio is not fixed and changes regularly.
According to the documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC), as of October 31, it held a total of 430,770 shares of IBIT. According to X user MacroScope, this number of shares held increased by 117% from 198,874 shares on July 31.
In addition, IBIT’s holdings have increased more than 10 times compared to the first quarter, when it was just 43,000 shares. Despite IBIT doubling its investment in Bitcoin products, these shares only account for 0.1% of the total size of the global allocation fund of $16.5 billion.
BlackRock's current holdings of Bitcoin spot ETF shares IBIT are worth more than $17 million. As one of the 35 largest funds launched in history, BlackRock's fund derivatives are also spread all over the world.
IBIT: A Leader in the Bitcoin Spot ETF Field
Nate Geraci, CEO of ETF Store, recently mentioned that IBIT’s ranking as one of the 35 largest ETFs by assets under management is a remarkable achievement. He pointed out that IBIT has even outperformed some of the older ETFs, such as the iShares MSCI EAFE ETF, iShares 20+ Year Treasury Bond ETF, and Vanguard Total World Stock ETF, and that this achievement was achieved in less than a year, which is truly amazing.
According to data provided by Farside Investors, IBIT's strong momentum is further confirmed. Since its launch, IBIT has accumulated more than $37.2 billion in net inflows in just less than a year, which is more than three times the amount accumulated by the second-ranked ETF (Fidelity's Bitcoin ETF FBTC), which is $12 billion.
IBIT's influence is not limited to this. It has also become the main driving force behind the $35.4 billion inflow into the U.S. spot Bitcoin ETF market. According to data from ETF tracking agency heyapollo, IBIT currently manages 527,284 BTC, which is worth more than $50 billion based on the current price of Bitcoin.
IBIT's success is not only reflected in capital inflows, it also plays a key role in the BTC investment tools traded in the United States, helping its total assets under management surpass gold ETFs. This achievement marks IBIT's important position in the ETF field and its influence in promoting the mainstreaming of cryptocurrency investment.
Conclusion:
BlackRock Global Allocation Fund has significantly increased its holdings of Bitcoin spot ETF IBIT, which not only reflects the fund's confidence in the cryptocurrency field, but also reflects IBIT's leading position in the Bitcoin spot ETF market. At the same time, IBIT is expected to become a key force in promoting cryptocurrency investment into the mainstream market with its capital inflow and asset management scale.
As a BTC investment fund traded in the United States, IBIT's total asset management scale not only surpasses that of gold ETFs, but also occupies an important position in the ETF field. It can be seen that IBIT will play a greater role in shaping the future cryptocurrency market landscape and deserves the attention of market participants and investors.