BlackRock has increased its investment in #Bitcoin through its own spot Bitcoin ETF, purchasing more shares for its Global Allocation Fund. According to recent regulatory filings, BlackRock's Strategic Income Opportunities Fund acquired approximately $3.56 million worth of iShares Bitcoin Trust (IBIT) shares. Additionally, the Strategic Global Bond Fund made a $485,000 purchase of the same ETF. This move highlights BlackRock's continued belief in Bitcoin's value as a key asset, particularly for income-focused and bond-related investment funds.

As of May 2024, BlackRock's Bitcoin ETF holdings totaled $19.61 billion, just behind the Grayscale Bitcoin Trust (GBTC), which holds $19.76 billion in Bitcoin. This growing trend of institutional adoption indicates the rising popularity of Bitcoin ETFs among major financial institutions like Morgan Stanley, JPMorgan, and others