PANews reported on December 27 that according to Cryptoslate, 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 Bitcoin spot ETF IBIT, with a total value of more than $17 million. This is an increase of 117% compared to the 198,874 shares reported on July 31, and a user named X named MacroScope pointed out this significant increase. In addition, compared to the 43,000 shares registered in the first quarter, the number of IBIT shares currently reported is more than 10 times higher.
The Global Allocation Fund is a diversified investment product of BlackRock, covering short-term securities such as stocks, bonds, money market securities in the U.S. and foreign markets, and its portfolio is adjusted regularly. Although BlackRock has doubled down on its Bitcoin product, IBIT shares account for only 0.1% of the total size of the Global Allocation Fund of $16.5 billion.
