BlackRock Income Fund Increases Bitcoin ETF Holdings by 14% - IBIT Investment Growth

BlackRock's Strategic Income Fund has significantly increased its exposure to Bitcoin through ETF investments, raising its holdings in the iShares Bitcoin Trust (IBIT) by approximately 14%. This move by the world's largest asset manager demonstrates institutional confidence in cryptocurrency assets and represents a major endorsement of Bitcoin ETF products. The allocation increase reflects BlackRock's ongoing strategy to incorporate digital assets into traditional investment portfolios, potentially signaling broader institutional adoption of cryptocurrency investments in income-focused funds.