📢 BlackRock's Global Allocation Fund has acquired an additional 43,000 shares of the iShares Bitcoin Trust, according to a recent SEC filing. This move follows BlackRock's previous filings revealing Bitcoin exposure through its Strategic Global Bond Fund and Strategic Income Opportunities Portfolio. 🚀

The purchase signals a growing trend of traditional financial institutions investing in Bitcoin and Bitcoin ETFs. Post-approval, around 80% of Bitcoin ETF purchases came from self-directed or retail investors.

BlackRock's move towards incorporating Bitcoin ETFs into its Global Allocation Fund aligns with its broader investment strategy. The fund, managing $17.8 billion in assets, aims to diversify investors through a wide range of assets, including Bitcoin ETPs.

What are your thoughts on this growing trend? Share in the comments! 👇💬