Chicago-based CTC Alternative Strategies Ltd recently disclosed holding $27.7 million in BlackRock’s iShares Bitcoin Trust (IBIT), with 685,364 shares, marking a significant embrace of Bitcoin ETFs following US SEC’s approval. This investment positions CTC as the second-largest holder in its portfolio, showcasing the growing confidence and integration of Bitcoin as an asset class within traditional financial markets. BlackRock leads with the highest inflow in the Bitcoin ETF sector, underscoring the product’s safety and regulatory compliance appeal. CTC’s strategic investment not only highlights their bullish stance on Bitcoin but also signals a broader acceptance and potential long-term benefit for Bitcoin’s value and market presence.
