#BlackRock⁩ INTEGRATE YOUR #Bitcoin❗ EFT INTO INCOME AND BOND FUNDS

Investment giant BlackRock's income and bond funds recently included the iShares Bitcoin Trust (IBIT) in their portfolios, according to Securities and Exchange Commission filings for the first quarter.

Specifically, the BlackRock Strategic Income Opportunities fund (BSIIX) acquired $3.56 million in #IBIT while the BlackRock Strategic Global Bond Fund (MAWIX) invested $485,000 in the same ETF. These investments represent a small portion of BSIIX and MAWIX's portfolios, which total $37.4 billion and $776.4 million, respectively.

Currently, the iShares Bitcoin Trust holds $19.61 billion worth of Bitcoin, making it the second largest Bitcoin ETF, just behind the #greyscale Bitcoin Trust which holds $19.76 billion worth of assets.

Globally, spot Bitcoin ETFs hold over one million BTC, with a combined value of $68 billion, representing nearly 5.10% of the approximately 19.7 million Bitcoin in circulation. Since the beginning of the year, more than 600 US investment firms have purchased shares of Bitcoin ETFs. These include Morgan Stanley, #JPMorgan Wells Fargo, Royal Bank of Canada, BNP Paribas and UBS, as well as hedge funds such as Millennium Management and Schonfeld Strategic Advisors.

Millennium Management emerges as the largest investor in Bitcoin ETF, with a total investment of $1.9 billion, including $844.2 million in the IBIT and $806.7 million in the Fidelity Wise Origin Bitcoin Fund (FBTC).