$1,2 Trillion Wealth Giant Enters Bitcoin Via Blackrock ETF!

Blackstone, the world's largest alternative asset manager, has taken its first steps into the world of Bitcoin. In the first quarter of 2025, the company invested just over $1 million in Bitcoin ETF from BlackRock. This may seem like a big jump, but compared to Blackstone’s total assets under management of $1,2 trillion, it’s still a drop in the ocean.

Bitcoin Added to Blackstone Fund

Shares of the BlackRock Bitcoin ETF have now been incorporated into the Blackstone Alternative Multi-Strategy Fund (BTMIX), which currently manages an impressive $2,63 billion in assets. It’s important to remember that BlackRock and Blackstone are two different entities, which can sometimes cause some confusion.

Blackstone also invested in Bitcoin Depot, a company focused on placing crypto ATMs, buying 4.300 shares for a total of $6.300 — a very modest investment. It also invested another $181.166 in shares of the ProShares Bitcoin ETF (BITO).

While Blackstone positions itself as an alternative asset specialist, it has long kept a considerable distance from Bitcoin and crypto. CEO Steve Schwarzman stated in September 2019 that he found blockchain technology fascinating, but that using it for digital currencies like Bitcoin was “kind of weird.” It seems that time has caught up with them after all.

BlackRock's Bitcoin ETF Keeps Winning

While Blackstone is cautiously taking its first steps into the crypto world, BlackRock’s Bitcoin ETF is showing particularly good results. Over the past six weeks, this ETF has managed to do without any outflows and has even registered 20 days of consecutive inflows.

With total inflows already reaching $2024 billion since its launch in January 46,1, the BlackRock Bitcoin ETF (IBIT) is a true success story. In comparison, the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARK) follow with inflows of $11,8 billion and $2,8 billion respectively, but remain at a safe distance.

“Is the future of investing perhaps digital? Absolutely!”

Bitcoin and the crypto market continue to evolve and we are eagerly awaiting the next steps of major players like Blackstone. It is clear that the world of digital assets is being taken more seriously, and that is inspiring for investors and enthusiasts alike. Are we ready for what is to come?

Frequently Asked Questions

What is Blackstone's role in the crypto market?
Blackstone recently made its first investments in Bitcoin, including shares of BlackRock's Bitcoin ETF and a modest investment in Bitcoin Depot.

How is BlackRock's Bitcoin ETF performing?
BlackRock's Bitcoin ETF has seen total inflows of $2024 billion since its launch in January 46,1, with recent weeks of no outflows and twenty days of inflows.

Why has Blackstone stayed away from Bitcoin for so long?
Blackstone has traditionally been cautious about Bitcoin, with CEO Steve Schwarzman in 2019 calling the use of Bitcoin odd despite his interest in blockchain technology.