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$10.5 trillion asset manger BlackRock has escalated its commitment to Bitcoin, acquiring a substantial stake for its Global Allocation Fund, as revealed in a recent SEC filing. The investment giant now holds 43,000 shares in the iShares Bitcoin Trust, a move confirmed as of April 30.
This latest purchase marks the third occasion BlackRock has integrated Bitcoin into its internal funds, following previous disclosures on May 28. These filings unveiled Bitcoin investments in both the Strategic Global Bond Fund and the Strategic Income Opportunities Portfolio.
BlackRock’s continued expansion into Bitcoin underscores a growing institutional acceptance of cryptocurrencies, potentially setting a precedent for other major investors. This strategic embrace by one of the world’s largest asset managers could signal a bullish future for Bitcoin’s role in diversified investment portfolios.
