BlackRock raises stake in iShares Bitcoin Trust by 14%
BlackRock raises stake in iShares Bitcoin Trust by 14%
BlackRock increased its holdings in the iShares Bitcoin Trust (IBIT) by 14%, bringing the total number of shares to 2 million.
Following the filing, Bitcoin surpassed $91,000, while IBIT shares rose about 2% in pre-market trading and approached $52.
Holdings increase
According to a report published by BlackRock, the asset manager expanded its position in IBIT as part of routine portfolio adjustments and allocation reviews.
The iShares Bitcoin Trust (IBIT) is a spot Bitcoin exchange-traded product managed by BlackRock that provides investors with exposure to Bitcoin through fund shares.
Market reaction and figures
Market participants registered a prompt price response after the disclosure, with both the cryptocurrency and the ETF moving higher on the news.
- Holdings change: increase of 14% to 2 million shares.
- Bitcoin price: rose above $91,000 after the disclosure.
- IBIT shares: gained about 2% in pre-market trading, nearing $52.
BlackRock’s filing reflects the firm’s continued adjustments to its digital-asset allocations amid observable growth in institutional interest in cryptocurrency products.
The report does not specify the timing or valuation of individual transactions, and it presents the change as an update to the fund’s recorded holdings.
The disclosure and subsequent market moves illustrate how large portfolio reallocations can influence both token prices and related exchange-traded products in short windows of trading.