BlackRock Proved Its Confidence in Bitcoin Again in the First Quarter

BlackRock, the world's largest asset manager, re-proved its trust in Bitcoin (BTC) with the transactions it made in the first quarter of the year.

According to U.S. Securities and Exchange Commission (SEC) filings, BlackRock has invested in Bitcoin through two of its funds.

BlackRock Strategic Income Opportunities and BlackRock Strategic Global Funds funds took a share of the spot Bitcoin ETF, which the company established in January.

BlackRock Strategic Income Opportunities bought a share of iShares Bitcoin Trust (IBIT) worth about $3.6 million, while the other fund bought a share of $486 thousand.

The BlackRock fund has attracted more capital than any other Bitcoin ETF so far. When ETFs were traded, billions of dollars came out of Grayscale's fund, which managed the largest amount of assets.