BlackRock discloses 0.1% Bitcoin stake in $17.1B fund
SEC filings show BlackRock’s Global Allocation Fund holds $17.2M in Bitcoin ETF shares, equal to 0.1% of its portfolio.
BlackRock’s latest N-PORT filing with the SEC shows its Global Allocation Fund holds 38.7 million shares of the iShares Bitcoin Trust ETF, valued at $17.2 million on a $10.4 million cost basis.
The stake equals 0.1% of the $17.1 billion fund and marks a 38% increase from the prior quarter.
The change follows U.S. approval of spot Bitcoin ETFs in January 2024. BlackRock launched its own iShares Bitcoin Trust the same month.
The firm has issued no press release on the allocation. The position is disclosed only in regulatory filings.
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