BlackRock's in-house portfolio has increased exposure to its Bitcoin exchange-traded fund (ETF) by 25% as part of a diversification strategy.
As of March 31, 2025, the BlackRock Strategic Income Opportunities Portfolio held 2,123,592 shares of its iShares Bitcoin Trust (IBIT), valued at $99.4 million, a significant increase from the prior period.
BlackRock's IBIT is now the largest fund in its category with over $72 billion in net assets, surpassing competitors like the Fidelity Wise Origin Fund.
Bitcoin ETF demand is rising among institutional investors, with predictions suggesting fund inflows could reach $120 billion in 2025 and double to $300 billion by 2026.