BlackRock buys its own Bitcoin spot ETF! Two of its funds include IBIT in investment

According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on May 28, two funds under the asset management giant BlackRock have issued their own Bitcoin spot ETF included in investment portfolio.

Documents show that "BlackRock Strategic Income Opportunities Fund (BSIIX)" purchased "iShares Bitcoin Trust (IBIT)" worth US$3.56 million in the first quarter of this year; and "BlackRock Strategic Global Bond Fund (MAWIX)" bought $485,000 of IBIT.

It is worth noting that the IBIT holdings of both funds only account for a small part of their respective investment portfolios. BSIIX's investment portfolio currently has a total value of US$37.4 billion; MAWIX's is US$776.4 million.

According to data updated by BlackRock on May 28, IBIT’s asset management scale (AUM) has exceeded US$19.58 billion and is expected to replace Grayscale’s GBTC and become the largest Bitcoin spot ETF in the United States. The latter currently holds $19.75 billion in Bitcoin.

Bloomberg ETF analyst Eric Balchunas pointed out earlier this month that more than 400 institutions have invested in BlackRock’s Bitcoin spot ETF so far this year, which is “incredible.”

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