On December 27, news reported that BlackRock's filing with the U.S. Securities and Exchange Commission (SEC) revealed that as of October 31, its Global Allocation Fund held 430,770 shares of the Bitcoin spot ETF IBIT, with a total value exceeding $17 million. This figure represents a 117% increase compared to the 198,874 shares reported on July 31, as pointed out by a user named MacroScope on X. Furthermore, the current reported number of IBIT shares is more than ten times higher than the 43,000 shares registered in the first quarter.
The Global Allocation Fund is a diversified investment product from BlackRock that includes stocks, bonds, and short-term securities such as money market securities in both U.S. and foreign markets, with its portfolio adjusted regularly. Although BlackRock has doubled its investment in its Bitcoin product, IBIT shares account for only 0.1% of the Global Allocation Fund's total size of $16.5 billion.

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