BlackRock held $78 million worth of IBIT shares through two investment funds as of the end of September.

PANews reported on November 29 that according to Cryptobriefing, according to recent documents from the U.S. Securities and Exchange Commission (SEC) shared for the first time by MacroScope, BlackRock has increased its holdings of iShares Bitcoin Trust (IBIT) shares in its two funds, totaling US$78 million as of September 30.

BlackRock Strategic Income Opportunities Fund (BSIIX), which manages $39 billion in assets, disclosed that it added more than 2 million shares of IBIT to its portfolio during the period ending September 30. The fund currently holds 2,140,095 shares of IBIT, worth about $77 million. According to a separate filing, BlackRock Strategic Global Bond Fund (MAWIX), which manages $816 million in assets, bought more than 24,000 shares of IBIT, bringing its total holdings to 40,682 shares, worth about $1.4 million. Both funds are managed by Rick Rieder, BlackRock's chief investment officer for global fixed income.

Since it began trading in January, IBIT has grown rapidly, with assets under management reaching about $48 billion as of November 27. The fund has surpassed its gold-focused counterpart, the iShares Gold Trust (IAU), which manages about $33 billion in assets. IBIT has attracted investments from a diverse group of investors, including hedge funds, pension funds, and institutional investors. In the latest 13F filing, Millennium Management topped the list with about $848 million in IBIT shares, followed by Goldman Sachs with $461 million and Capula Management with $308 million.