Blackstone buys $1M worth of Bitcoin ETF in first crypto bet

Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund. However, Blackstone’s investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1. 08 million — a fraction of the asset manager’s $1. 2 trillion portfolio source: https://cointelegraph.com/news/blackstone-buys-1-million-blackrock-bitcoin-etf-ibit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound