<ul><li>Blackstone made its first crypto-related investment by purchasing Bitcoin ETFs worth $1.08 million.</li><li>Blackstone added 23,094 shares of BlackRock’s iShares Bitcoin Trust ETF to its Alternative Multi-Strategy Fund and also bought 9,889 shares of the ProShares Bitcoin ETF.</li><li>The move highlights a shift in Blackstone’s approach, as the firm historically avoided direct exposure to cryptocurrencies.</li><li>The purchases represent an important policy shift for Blackstone, with the new crypto assets amounting to less than 1% of its portfolio.</li></ul>

Blackstone Makes First Crypto Move With $1M Bitcoin ETF Purchase

Discover more