BlackRock raises Bitcoin exposure by 38% in its $17.1 billion Global Allocation Fund
BlackRock’s Global Allocation Fund increased its holdings in the firm’s spot Bitcoin ETF (IBIT) by 38.4% during the second quarter, according to a Sept. 26 SEC filing.
As of July 31, the diversified fund held 1,000,808 IBIT shares valued at $66.4 million, up from 723,332 shares on Apr. 30.
The addition of 277,476 shares represents the fund’s return to Bitcoin allocation after reducing exposure earlier this year.
Year-over-year growth demonstrates accelerating Bitcoin adoption within BlackRock’s portfolio management. The fund held just 198,874 IBIT shares as of July 31, 2024, representing a 403% increase over the previous twelve months.
Targeting the 1%-2% range
IBIT represents 0.4% of the Global Allocation Fund’s $17.1 billion assets under management, a 62.5% increase from the 0.25% allocation recorded in the first quarter.
The current weighting marks substantial growth from the 0.1% position held in October 2024.
BlackRock recommended 1% to 2% Bitcoin allocation as a “reasonable range” in its model portfolio on Feb. 28, positioning the Global Allocation Fund below its target range.
The recent increases indicate movement toward this recommended exposure level through gradual and cautious accumulation.
The Global Allocation Fund invests across US and international equities, debt securities, money market instruments, and other short-term assets. Portfolio composition varies periodically in response to market conditions and investment opportunities.
BlackRock launched IBIT in January 2024 as part of the first wave of spot Bitcoin ETFs approved by the Securities and Exchange Commission. As of Sept. 25, the fund has the largest Bitcoin ETF, with nearly $61 billion in cumulative net flows.
The Global Allocation Fund’s methodical approach to Bitcoin allocation demonstrates institutional investment strategies for crypto exposure.
BlackRock continues building its position toward recommended portfolio weightings while managing volatility through gradual accumulation.
The post BlackRock raises Bitcoin exposure by 38% in its $17.1 billion Global Allocation Fund appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The PENGU USDT Sell Alert: Is This a Turning Point for Stablecoin Approaches?
- PENGU/USDT's 2025 collapse triggered a $128M liquidity shortfall, exposing algorithmic stablecoin fragility and accelerating market shift to regulated alternatives. - USDC's market cap surged to $77.6B by 2025, while MiCA-compliant euro-stablecoins gained $680M in cross-border adoption amid regulatory clarity. - DeFi protocols adopted oracle validation and reserve-backed models post-PENGU, reducing exploit losses by 90% since 2020 through institutional-grade security upgrades. - Regulators now prioritize
Emerging Prospects in EdTech and AI-Powered Learning Systems: Ways Educational Institutions Are Transforming Programs and Enhancing Student Achievement
- AI is transforming education by reshaping curricula, enhancing student engagement, and optimizing institutional efficiency. - Universities like Florida and ASU integrate AI literacy across disciplines, offering microcredentials and fostering innovation. - AI tools like Georgia Tech’s Jill Watson and Sydney’s Smart Sparrow boost performance and engagement through personalized learning. - AI streamlines administrative tasks but faces challenges like ethical misuse and skill gaps, requiring structured train
Anthropological Perspectives on Technology and Their Impact on Education and Workforce Preparedness for the Future
- Interdisciplinary STEM/STEAM education integrates technology tools like AI and VR to bridge theory and real-world skills, driven by $163B global edtech growth. - U.S. faces 411,500 STEM teacher shortages and 28% female workforce representation gaps, prompting equity-focused programs like Girls Who Code. - STEM occupations earn $103K median wages (vs. $48K non-STEM), with 10.4% job growth projected through 2033, driving investor opportunities in edtech and workforce alignment. - Strategic investments in t
The Revival of Educational Technology in Higher Education After the Pandemic
- Global EdTech market grows to $7.3T by 2025, driven by hybrid learning and AI/AR/VR adoption in higher education. - Institutions like MIT and Harvard integrate AI across disciplines, boosting enrollment and workforce alignment through $350M-$500M investments. - EdTech platforms enabling personalized learning and immersive experiences see rising demand, with 45% annual growth in AI-related programs since 2020. - Undervalued EdTech stocks offer investment opportunities as $16B+ VC funding accelerates innov
Trending news
MoreCrypto prices
More
