A new quarterly disclosure with the U.S. Securities and Exchange Commission (SEC) shows that BlackRock’s Strategic Income Opportunities Portfolio (SIOP) increased its holdings of the iShares Bitcoin Trust (IBIT) during the third quarter.
The fund reported 2.39 million shares of IBIT, worth about $155.8 million as of September 30. That’s up from 2.09 million shares at the end of June—a rise of roughly 14%.
SIOP is an unconstrained income fund that normally invests across bonds, mortgages, emerging-market debt, and cash equivalents.
Because of its flexible mandate, it can also add exchange-traded funds (ETFs) when it sees value in doing so, which is why IBIT appears alongside its fixed-income assets.
You need to login in order to Like
Leave a comment