BlackRock's income and bond-focused funds have acquired shares of the company's own spot Bitcoin ETF, as revealed by regulatory filings. In the first quarter, BlackRock’s Strategic Income Opportunities Fund (BSIIX) purchased $3.56 million worth of iShares Bitcoin Trust (IBIT) shares, while its Strategic Global Bond Fund (MAWIX) bought $485,000 worth, according to SEC filings dated May 28.
Read MoreThe State of Wisconsin Investment Board (SWIB) has entered the cryptocurrency market with a substantial investment of $99 million in BlackRock's Bitcoin ETFs, specifically iShares Bitcoin Trust (IBIT).
Read MoreInvestor apprehension regarding potential Federal Reserve interest rate reductions remains prevalent, as withdrawals from the Grayscale Bitcoin ETF (GBTC) resume. This trend indicates a cautious sentiment prevailing in the market.
Read MoreThe only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock's Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows.
Read More