BlackRock’s Global Allocation Fund doubles its exposure to IBIT

BlackRock doubles down on IBIT exposure through its Global Allocation Fund Join Japan's Web3 Evolution Today

BlackRock has reported that it holds 430,770 IBIT shares through its Global Allocation Fund. According to A The following is a list of the most recent filings. As of October 31, the US Securities and Exchange Commission reported shares worth over 17 million dollars.

The following are some of the ways to get in touch with us. highlighted by X user identified as MacroScope, the amount of shares reported in BlackRock’s recent filing is 117% larger than the 198,874 shares reported on July 31.

The current number of IBIT share reported is more than 10 times greater than the 443,000 IBIT shares that were registered during the first quarter. 

Global Allocation Fund (GAF) is a BlackRock fund that invests in US equity and foreign equities, bonds, money market instruments, and other short term securities. Its composition changes regularly.

IBIT’s shares are only 0.1% the Global Allocation Fund total of $16.5 billion, despite the fact that it has doubled down on Bitcoin.

The recognition of a force

Nate Geraci is the CEO of ETF Store. highlighted The IBIT ranks 35th in terms of assets managed out of 3,900 ETFs.

Then he added:

“Ahead of ETFs such as iShares MSCI EAFE ETF, iShares 20+ Year Treasury Bond ETF, & Vanguard Total World Stock ETF. In less than a year. You have no idea how ridiculous that is.”

As per IBIT, launched by Farside Investors in 2011, has amassed more than $37 billion of positive net flows. The amount is more than three times that of the Fidelity FBTC ETF, the ETF with the second highest inflow, which was $11.8 billion.

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This makes IBIT primarily responsible for the US-traded spot Bitcoin ETFs’ $35.4 billion inflows. As of the time this article was published, IBIT held 527 284 BTC in assets. ETF tracking tool heyapollo. This is worth over $50 billion at Bitcoin’s current price of $95,753.77.

As with the net flows of spot Bitcoin ETFs, the IBIT also plays a key role in US-traded BTC investment vehicles surpassing gold ETFs’ total assets under management.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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