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Blackstone made its first bet on Bitcoin, buying only US$1.08 million in IBIT funds

Internet reports that Blackstone seems to have finally taken a move on Bitcoin, but the investment giant still doesn't seem to take the world's largest cryptocurrency seriously. As of the end of March, Blackstone held only $1.08 million worth of BlackRock Spot Bitcoin ETF (IBIT), which was the first time Blackstone disclosed its investment in crypto assets. With a total size of more than $60 billion, the ETF is the most popular ETF to track Bitcoin prices. Despite managing more than $1 trillion in assets, Blackstone's investment in Bitcoin is still "just a little bit." Back in 2019, Blackstone co-founder and CEO Stephen Schwarzman said he didn't like Bitcoin,"I wasn't too interested in it because it was difficult for me to understand."

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