According to the document filed by BlackRock with the U.S. Securities and Exchange Commission (SEC) on October 31, its Global Allocation Fund holds 430,770 shares of the spot Bitcoin ETF (IBIT), with a market value of over $17 million. This data represents a 117% increase from the 198,874 shares held at the end of July, and is more than 10 times the 43,000 shares held in the first quarter of this year.
A Rising Star in the ETF Market
Nate Geraci, CEO of ETF Store, emphasized that IBIT, which has been listed for less than a year, has already attracted a significant inflow of funds, surpassing many mainstream ETFs that have existed for years, such as the iShares MSCI EAFE ETF and the Vanguard Total World Stock ETF.
In less than a year. You don't know how absurd that is.
According to the analysis by the investment data platform Farside Investors, IBIT has accumulated net inflows of over $37 billion since its launch, about three times the amount of the Fidelity spot Bitcoin ETF (FBTC). IBIT has also become an important driver of the U.S. spot Bitcoin ETF market, supporting a total inflow of $35.4 billion.
Bitcoin Becoming a Mainstream Investment Asset
The Global Allocation Fund is a product of BlackRock, with a total size of $16.5 billion, making it one of the largest ETFs among the more than 3,900 globally. Adopting a diversified investment strategy, it covers stocks, bonds, money market instruments, and other short-term securities in the U.S. and international markets, with its portfolio regularly adjusted by a professional management team.
Although Bitcoin, as an alternative asset, accounts for only 0.1% of the fund's allocation, the holdings of IBIT have shown remarkable growth. At the current Bitcoin price of around $95,000, IBIT manages a total of 527,284 Bitcoins, with a total value exceeding $50 billion, even surpassing the assets under management of many gold ETFs.
This indicates that Bitcoin is gradually becoming an important asset in the traditional financial market, and with the continued inflow of funds, its mainstream adoption is expected to further increase. If the allocation percentage continues to rise, the Bitcoin investment market will have even more upside potential.
