According to news on December 27, documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC) show that as of October 31, the number of shares held by its global allocation fund in the Bitcoin spot ETF IBIT has reached 430,770 shares, with a total value of more than $17 million. That’s a 117% increase from the 198,874 shares reported on July 31, a significant increase noted by an X user named MacroScope. Furthermore, the number of IBIT shares currently reported is more than 10 times higher compared to the 43,000 shares registered in the first quarter. The Global Allocation Fund is a diversified investment product of BlackRock that covers short-term securities such as stocks, bonds, and money market securities in the U.S. and foreign markets, and its investment portfolio is adjusted regularly. Despite BlackRock doubling down on its investments in Bitcoin products, IBIT shares account for just 0.1% of the global allocation fund's total size of $16.5 billion.