BlackRock Increases Bitcoin ETF Holdings by 14% in Latest Filing
- As of September 30, BlackRock’s portfolio held 2,397,423 IBIT shares valued at $155.8 million.
- This represents a 14% increase from the previous total of 2,096,447 shares at the end of June.
- The fund operates as an unconstrained bond portfolio with flexibility to include nontraditional assets like ETFs.
- Nasdaq ISE has filed to raise the position limit for IBIT options to one million contracts.
- Institutional ownership of IBIT has reached over 400 million shares, marking its highest level since launch.
- Bitcoin’s price surpassed $91,000 on Friday, while IBIT traded around $52 per share in premarket.
BlackRock’s strategic increase in its Bitcoin ETF holdings reflects growing institutional interest and confidence in cryptocurrency assets amid market fluctuations.
The fund’s holdings now include over 2.39 million IBIT shares, highlighting a significant commitment to the cryptocurrency market.Source
