#BTC : BlackRock's bond fund increases its exposure to the Bitcoin ETF by 14 % #IBIT
BlackRock's bond fund increases its exposure to the Bitcoin ETF IBIT
Content Market Musing-g
IBIT gains weight in BlackRock's income strategy
Institutional demand for IBIT at a record level
Bitcoin above $91,000, IBIT advances
BlackRock has increased its exposure in its Strategic Income Opportunities Portfolio to the Bitcoin ETF IBIT by 14 %, reaching 2.39 million shares for $155.8 million, confirming the growing integration of bitcoin into its multi-asset strategies.
Institutional positions in IBIT now exceed 400 million shares according to Fintel, a record that underscores strong and ongoing demand for the ETF.
The context is favorable with bitcoin above $91,000 and a demand for increasing position limits on IBIT options, enhancing the product's appeal to professional players.
BlackRock's Strategic Income Opportunities Portfolio strengthens its bet on bitcoin. According to the latest filing with the SEC, this in-house fund has increased its holdings in the iShares Bitcoin Trust (IBIT) to 2.39 million shares as of September 30, a 14 % increase over a quarter. Another signal that institutional demand continues to thicken around the market's star ETF.
