BTC Bull Market Booster: BlackRock Global Allocation Fund's BTC holdings have grown more than 10 times in the past six months.

BlackRock significantly increased its holdings of BTC ETF through global allocation funds. Although its allocation ratio in the fund is only 0.1%, the rapidly rising holdings indicate that BTC is gradually becoming an important player in the TradFi market. According to the documents submitted by BlackRock to the US Securities and Exchange Commission (SEC) on October 31, its global allocation funds hold 430,770 shares of SpotBTC ETF (IBIT), with a market cap exceeding $17 million. This data represents a 117% increase compared to the end of July, and it is more than 10 times the 43,000 shares held in the first quarter of this year. Nate Geraci, CEO of ETF Store, a rising star in the ETF market, emphasized that IBIT has attracted significant inflows in less than a year, surpassing many mainstream ETFs that have existed for years, such as iShares MSCI EAFE ETF and Vanguard Total World Stock ETF. According to Farside Investors’ analysis, IBIT has accumulated net inflows of over $37 billion since its launch, about three times the amount of Fidelity’s SpotBTC ETF (FBTC). IBIT has also become an important driver of the US SpotBTC ETF market, supporting a total inflow of $35.4 billion. With a total size of $16.5 billion, BlackRock’s global allocation funds are one of the largest products among more than 3,900 ETFs worldwide. It adopts a diversified investment strategy, covering stocks, bonds, currency market instruments, and other short-term securities in the US and international markets, and its component allocation is regularly adjusted by a professional team. Although BTC accounts for only 0.1% of the fund as a non-traditional asset, the holdings of IBIT have shown a remarkable rise. With the current BTC price of about $95k, the total number of BTC managed by IBIT has reached 527,284, with a total value exceeding $50 billion, surpassing the management scale of many gold ETFs. This indicates that BTC is gradually becoming an important asset in the TradFi market, and with continuous influx of funds, its mainstream level is expected to further increase. If the allocation ratio continues to rise in the future, the market for investing in BTC will bring more room for imagination.