{"id":21484,"date":"2024-05-29T10:00:21","date_gmt":"2024-05-29T07:00:21","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21484"},"modified":"2024-05-29T09:53:00","modified_gmt":"2024-05-29T06:53:00","slug":"blackrock-funds-acquire-shares-in-bitcoin-etf-amid-growing-institutional-interest","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrock-funds-acquire-shares-in-bitcoin-etf-amid-growing-institutional-interest\/","title":{"rendered":"BlackRock Funds Acquire Shares in Bitcoin ETF Amid Growing Institutional Interest"},"content":{"rendered":"<p>In the first quarter, <strong>BlackRock&#8217;s<\/strong> income and bond-oriented funds acquired shares of the asset manager&#8217;s own spot Bitcoin exchange-traded fund (ETF), according to regulatory records.<\/p>\n<p>May 28<strong> Securities and Exchange Commission<\/strong> filings show BlackRock&#8217;s Strategic Income Opportunities Fund (BSIIX) acquired $3.56 million worth of the iShares<strong> Bitcoin Trust (IBIT),<\/strong> while its Strategic Global Bond Fund (MAWIX) made a $485,000 buy.<\/p>\n<h2>Institutional Investments in Bitcoin ETFs<\/h2>\n<p>Comprising $37.4 billion and 776.4 million, respectively, the IBIT shares constitute a subset of the investment portfolios of BSIIX and MAWIX.<\/p>\n<p>According to <strong>BlackRock<\/strong> data from May 24, IBIT now owns Bitcoin, valued at $19.61 billion.<\/p>\n<p>It just follows the converted Grayscale Bitcoin Trust (GBTC), with <strong>$19.76 billion<\/strong> as of May 28, Grayscale data reveals.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/us-bitcoin-miners-spend-2-7-billion-on-power-in-early-2024\/\"><em><span style=\"font-weight: 400;\">This Might Interest You:<\/span>US Bitcoin Miners Spend $2.7 Billion on Power in Early 2024<\/em><\/a><\/p>\n<p>Based on CoinGecko, <strong>Spot Bitcoin ETFs<\/strong> worldwide currently hold over 1 million bitcoins worth over $68 billion, corresponding to around 5.10% of its over 19.7 million BTC circulation supply.<\/p>\n<p>Since they debuted in January, more than 600 US financial companies have purchased spot Bitcoin ETFs; new SEC filings exposed this.<\/p>\n<p>Among the companies purchasing Bitcoin funds were Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS, and hedge funds such as Millennium Management<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter, BlackRock&#8217;s income and bond-oriented funds acquired shares of the asset manager&#8217;s own spot Bitcoin exchange-traded fund (ETF), according to regulatory records. May 28 Securities and Exchange Commission filings show BlackRock&#8217;s Strategic Income Opportunities Fund (BSIIX) acquired $3.56 million worth of the iShares Bitcoin Trust (IBIT), while its Strategic Global Bond Fund<\/p>\n","protected":false},"author":6,"featured_media":17815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[534,535],"class_list":["post-21484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-bitcoin-etf","tag-blackrock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlackRock Funds Acquire Shares in Bitcoin ETF Amid Growing Institutional Interest<\/title>\n<meta name=\"description\" content=\"BlackRock&#039;s income and bond-oriented funds acquire shares in its own Bitcoin ETF, highlighting increased 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