BlackRock's Strategic Fund Adds Over $3.5 Million to Bitcoin Holdings

BlackRock's BlackRock Strategic Income Opportunities Portfolio has increased its holdings of bitcoin through IBIT by about $3.56 million, according to a document filed with the U.S. Securities and Exchange Commission. Bloomberg ETF analyst Eric Balchunas responded to this by saying, "It's interesting that Rick Rieder manages this fund, he's BlackRock's chief investment officer and co-head of global fixed income."