Investment firm Trivest Advisors has allocated $90.4 million to BlackRock’s iShares Bitcoin Trust (IBIT). This significant investment constitutes nearly 8% of Trivest’s total assets under management, demonstrating a substantial commitment.
IBIT, a spot Bitcoin exchange-traded fund approved by U.S. regulators, holds actual Bitcoin. It provides investors with direct exposure to Bitcoin’s price movements within a regulated financial framework.
Trivest Advisors is now positioned among the largest institutional holders globally of the IBIT ETF. This investment underscores increasing confidence from established asset managers in regulated Bitcoin products following recent U.S. approvals.
The move signals a broader industry trend toward accepting Bitcoin ETFs, extending interest beyond U.S. borders to include global asset managers. This adoption reflects the growing appeal of accessible, regulated entry points into the crypto market.