A new regulatory filing shows that BlackRock is not just selling its iShares Bitcoin Trust to others, it is also buying it for itself. The firm’s Strategic Income Opportunities Portfolio lifted its position in the IBIT spot bitcoin ETF to about 2.39 million shares as of September 30, up 14% from roughly 2.1 million shares at the end of June. At the time of the filing, that stake was valued near 156 million dollars, signaling that one of BlackRock’s flagship income funds is leaning further into bitcoin exposure even after the recent pullback in prices.
The move comes as IBIT has grown into one of the largest bitcoin holders in the world and a major profit engine for BlackRock. Recent disclosures put the ETF at around 70 billion dollars in assets under management and estimate that it is now among the firm’s most lucrative product lines by fee income. Across multiple vehicles, including U.S. and international funds, BlackRock’s total bitcoin related exposure is approaching the 100 billion dollar mark, underlining how central IBIT and its sister products have become to the asset manager’s digital asset strategy.
BlackRock’s decision to increase IBIT inside its own income portfolio is being read as a vote of confidence in the long term role of bitcoin, even as the coin trades more than 30% below its recent peak and volatility remains high. Executives like CEO Larry Fink have shifted from early skepticism to calling bitcoin a form of “digital gold” and a hedge against currency debasement, a message that appears to be resonating with institutions such as university endowments and pension style investors that have started to add spot ETFs to their allocations.
The broader backdrop also shows growing competition around IBIT. Rival banks and issuers are rolling out structured notes and options products tied to the fund, while U.S. exchanges like Nasdaq are seeking higher position limits for IBIT options as trading volume expands. Against that landscape, BlackRock’s own step to deepen its internal holdings underscores how central bitcoin exposure has become to its product mix and how the firm is willing to align its house money with the narrative it is presenting to clients.






















































































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