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In what is a major development for the cryptocurrency industry, BlackRock’s Global Allocation Fund has disclosed $47.4 million in Bitcoin ETF holdings. Indeed, the $11 trillion asset manager has increased its iShares Bitcoin Trust (IBIT) shares by 91%, according to a new filing with the US Securities and Exchange Commission (SEC). The official filing, made Thursday, shows that that fund has continued to increase its shares in the BlackRock-issued Bitcoin ETF throughout the end of last year. Specifically, the investment strategy has added 390,894 IBIT shares to its portfolio from November 2024 to January 2025. JUST IN: BlackRock's Global Allocation Fund discloses $47.4 million in Bitcoin ETF holdings. — Watcher.Guru (@WatcherGuru) March 27, 2025 Also Read: Bitcoin: BlackRock’s Spot BTC ETF Buys $107 Million Worth BTC BlackRock Global Allocation Fund Increases Bitcoin ETF Holdings By 91% Since late 2024, the potential of the cryptocurrency market has been surging. Indeed, the asset ...

A handful of hedge funds in Asia are among the ones that are massively accumulating the U.S. dollar’s latest dip. The DXY index, which measures the performance of the U.S. dollar shows the currency crashing to the 104.20 mark on Thursday. The development made the markets jittery as local currencies strengthened against the USD.  Also Read: BRICS: IMF Confirms US Dollar Is in Jeopardy Source: MarketWatch However, the latest data shows that currency investors purchased the U.S. dollar during the dip taking long positions. Surprisingly, even leading Hedge Funds in Asia accumulated the U.S. dollar to make the most out of the recent price dip. Also Read: Chinese Yuan Climbs 14.70% Against the US Dollar Since 2005 The U.S. dollar is now at its one-month low and shed most of the gains it generated in Q1 of this year. The USD first dipped after the jobs data was released by the Labor Department last...