On December 27, news reported that BlackRock's filing with the U.S. Securities and Exchange Commission (SEC) showed 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 number represents a 117% increase compared to the 198,874 shares reported on July 31, as noted by a user named MacroScope on X. Additionally, the current reported IBIT share count is over 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 from both U.S. and foreign markets, with its portfolio being regularly adjusted. Despite BlackRock doubling down on its Bitcoin products, IBIT shares only account for 0.1% of the Global Allocation Fund's total scale of $16.5 billion.

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