Keywords:
Bitcoin ETF, BlackRock, cryptocurrency holdings, iShares Bitcoin Trust, institutional adoption, SEC filing, Trump crypto policies
BlackRock's Strategic Bitcoin ETF Expansion
According to a March 2025 SEC filing, BlackRock’s Global Allocation Fund held 821,664 shares of Bitcoin ETF (valued at $47.4 million) by January 31, 2025. The fund focuses on diversified global investments across equities, bonds, and money markets.
Key Highlights:
- 91% surge in holdings from October 2024 to January 2025, adding 390,894 shares of iShares Bitcoin ETF (IBIT).
- Bitcoin’s price surpassed $100,000 in late 2024 amid pro-crypto policies post-U.S. election but later corrected below $90,000 due to macroeconomic factors.
Background: Bitcoin ETFs and Institutional Adoption
What Are Bitcoin ETFs?
Bitcoin ETFs track Bitcoin’s price and trade on traditional exchanges. In January 2024, the SEC approved BlackRock’s spot Bitcoin ETF (IBIT), bridging traditional finance and decentralized assets.
Impact:
- Immediate price rallies and long-term institutional interest.
- Competitors like Fidelity ($16.9B AUM) and Grayscale ($16.7B AUM) lag behind BlackRock’s $49.68B Bitcoin ETF dominance (SoSoValue, March 2025).
Additional Funds with Bitcoin Exposure
- Strategic Global Bond Fund: Held 40,682 IBIT shares ($1.46M) as of September 2024.
- Strategic Income Opportunities Portfolio: Owned 2.14M IBIT shares ($77.3M).
FAQs
Why did Bitcoin’s price fluctuate in 2024–2025?
Bitcoin hit record highs post-election due to favorable policies but faced volatility from tariff-related market shocks.
How does BlackRock’s ETF differ from competitors?
IBIT’s scale and liquidity make it a preferred choice for institutional investors, outpacing rivals in AUM.
What’s the long-term outlook for Bitcoin ETFs?
Regulatory acceptance and institutional participation suggest sustained growth, though prices remain sensitive to macroeconomic events.
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