The Block Crypto News16 minutes ago

Published on May 28, 2024 20:47 GMT+00:00edited on May 28, 2024 20:49 GMT+00:00

Two funds managed by BlackRock have bought shares in the firm's spot bitcoin ETF, ticker symbol IBIT, according to filings with the U.S. Securities and Exchange Commission.

Both the Wall Street giant's BlackRock Strategic Income Opportunities and BlackRock Strategic Global Bond funds reported having bought shares in the spot bitcoin ETF launched by the firm in January. BlackRock Strategic Income Opportunities acquired nearly $3.6 million worth of IBIT shares, while BlackRock Strategic Global Bond bought $486,000 in IBIT shares during the first quarter of 2024, according to the filing.

BlackRock's IBIT exchange-traded fund has taken in more fresh capital than any other spot bitcoin ETF since the ETFs began trading in January. Grayscale's spot bitcoin ETF currently has more assets under …