BlackRock adds Bitcoin ETF to its income and bond funds.

BlackRock investment funds have purchased shares of BlackRock's Bitcoin ETF Spot fund in the last quarter.

BlackRock's income funds and bonds have purchased shares of the company's own Bitcoin ETF Spot exchange-traded fund in the first quarter, according to SEC filings.

BlackRock's Strategic Income Opportunities Fund (BSIIX) has purchased $3.56 million worth of shares in the iShares Bitcoin Trust (IBIT), while BlackRock's Strategic Global Bond Fund (MAWIX) has acquired $485,000 worth, according to the U.S. Securities and Exchange Commission (SEC) filing on May 28th.

IBIT is just a small part of BSIIX and MAWIX's investment portfolios, accounting for $37.4 billion and $776.4 million in value, respectively.

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According to BlackRock data as of May 24, IBIT currently holds Bitcoin worth 19.61 billion USD.

This fund only stands behind Grayscale Bitcoin Trust (GBTC), which converted to an ETF in early January. As of May 28, GBTC holds 01928374656574839201 USD, according to Grayscale's data.

Currently, global Bitcoin ETFs hold a total of over 1 million Bitcoins worth over 68 billion USD, accounting for nearly 5.10% of the total circulating supply of over 19.7 million BTC.

Over 600 investment companies in the United States have purchased Bitcoin ETF Spot since its launch in January, according to recent SEC filings.

Morgan Stanley, JPMorgan, Wells Fargo, Royal Bank of Canada, BNP Paribas, UBS, and hedge funds including Millennium Management and Schonfeld Strategic Advisors are some of the leading companies that have purchased Bitcoin ETF.

Millennium is the largest accumulator of Bitcoin ETF Spot, with a total investment of 1.9 billion USD, including 844.2 million USD in IBIT and 806.7 million USD in Fidelity Wise Origin Bitcoin Fund (FBTC).

On May 23, BlackRock was one of eight companies proposing Ethereum ETF Spot approved in the US, but the SEC has to approve the Form S-1 filings of the company for these products to start trading.

VIC Crypto summary