Blackrock Increases Bitcoin Investments, Signaling Growing Crypto Acceptance within Institutions

BlackRock has significantly increased its commitment to Bitcoin by increasing its holdings in the iShares Bitcoin Trust (IBIT) by 14%. SEC filings reveal that the fund now owns 2.39 million IBIT shares, up from 2.09 million in June. This surge coincides with a pre-market spike of 2% in IBIT share prices, mirroring Bitcoin’s rise beyond $91,000. This move reflects BlackRock’s willingness to adapt and incorporate alternative assets into their investment strategies. Their “Strategic Income Opportunities Portfolio” actively diversifies across government securities, corporate debt, and emerging markets. ]