According to a report by The Block, documents submitted to the US Securities and Exchange Commission (SEC) show that BlackRock, a large asset management company, has purchased shares of its Bitcoin spot ETF (with the stock code IBIT) through its Strategic Income Opportunities Fund and Strategic Global Bond Fund.
According to the documents, BlackRock’s Strategic Income Opportunities Fund purchased nearly $3.6 million worth of IBIT shares in the first quarter of 2024, while the Strategic Global Bond Fund bought $486,000 worth of IBIT shares. Both funds, which include the company’s Bitcoin spot ETF shares in their portfolios, are managed by BlackRock’s Global Fixed Income Chief Investment Officer, Rick Rieder.
Since its launch in January, BlackRock’s IBIT has attracted more new funds than other Bitcoin spot ETFs. According to a previous report by Zombit, statistical data shows that the value of Bitcoin held by BlackRock’s IBIT reached $19.68 billion after Tuesday’s trading day, officially surpassing the Grayscale Bitcoin Trust Fund (GBTC) and becoming the largest Bitcoin spot ETF in terms of assets under management.
Source:
HODL15Capital
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