Blackstone Enters Crypto with Bitcoin ETF Investments
Blackstone, the world’s largest alternative asset manager ($1.2T AUM), just made its first move into crypto. A May 20 SEC filing revealed that Blackstone invested in:
$1.08M in BlackRock’s iShares Bitcoin Trust (IBIT)
$181K in ProShares Bitcoin Strategy ETF (BITO)
$6.3K in Bitcoin Depot Inc.
These positions were taken via its $2.63B Alternative Multi-Strategy Fund (BTMIX).
Though small, the move marks a notable shift for Blackstone, which had been skeptical of crypto. It also reinforces the growing wave of institutional adoption—IBIT alone has recorded 20 straight days of inflows totaling $46.1B since April 9, 2025.
Institutions are getting off the sidelines. Are you ready?