BlackRock Strategic Income Opportunities Portfolio adds IBIT shares
BlackRock's Strategic Income Opportunities Portfolio held 2,123,592 shares of its iShares Bitcoin Trust (IBIT) as of March 31, 2025, valued at $99.4 million, an increase from 1,691,143 shares on December 31, 2024. The IBIT, approved by the SEC in January 2024, is the largest spot Bitcoin ETF with over $72 billion in net assets. The second-largest, Fidelity Wise Origin Fund (FBTC), lags by $50 billion. Demand for Bitcoin ETFs among institutional investors is rising, with US spot Bitcoin ETFs achieving record inflows, including over $1.5 billion in just two days in May. BlackRock's IBIT has seen consistent inflows since April 9, with some days exceeding $500 million in net buys. Projections suggest Bitcoin fund inflows could reach $120 billion in 2025 and $300 billion by 2026. Wealth management platforms remain a largely untapped market for these investments.
