BlackRock Research Urges Bond Cuts as IBIT Buys $537M Bitcoin and Eyes $5–10B SpaceX IPO Investment
BLK•BlackRock’s research chief recommends cutting developed-market government bond allocations as 30-year Treasury yields near 5.14%, with two- and ten-year yields at 4.08% and 4.61%. The firm’s iShares Bitcoin Trust added 8,000 BTC worth $537 million in May, while BlackRock weighs a $5–10 billion investment in SpaceX’s $1.75 trillion IPO.
1. Research Unit Recommends Bond Exposure Cuts
The head of BlackRock’s research unit is advising investors to reduce allocations to developed-market government bonds, including U.S. Treasuries, as 30-year yields approach 5.14%—levels near their highest in almost two decades. Two-year and ten-year Treasury yields sit at 4.08% and 4.61%, respectively.
2. IBIT Acquires Over 8,000 Bitcoin
BlackRock’s iShares Bitcoin Trust accumulated over 8,000 BTC during May, representing approximately $537 million in new holdings and expanding the firm’s digital asset exposure.
3. Talks for $5–10 Billion SpaceX IPO Stake
BlackRock is in discussions to commit between $5 billion and $10 billion to SpaceX’s planned IPO, which targets a $1.75 trillion valuation in a June listing.
