BlackRock Funds Buy IBIT Shares
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total IBIT holdingsCoinGape
•Why BlackRock Funds Are Investing Millions Into Its Spot Bitcoin ETF (IBIT)?
72% Informative
Two BlackRock funds purchased a combined $78 million worth of Bitcoin ETF IBIT shares in Q3 2024 .
The BlackRock Strategic Income Opportunities Fund ( BSIIX ) added 2 million shares of IBIT in the quarter ending September 30 .
BlackRock ’s Chief Investment Officer for Global Fixed Income, Rick Rieder , is managing both these funds signaling a broader strategy of incorporating cryptocurrency-related assets into traditional portfolios.
IBIT share price has surged 106% since its inception in January 2024 , outperforming its peers.
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