Blackstone enters Bitcoin ETF for the first time, with an investment of only $1.08 million in IBIT According to The Block, Blackstone Group, the world's largest alternative asset management company, disclosed on May 20th that it has made its first purchase of a cryptocurrency product - the BlackRock Spot Bitcoin ETF (IBIT) worth $1.08 million, which accounts for a very small proportion of its over $1 trillion managed assets. Despite Bitcoin's recent strong performance, Blackstone remains cautious. The investment was reflected until the end of March, marking its first foray into the cryptocurrency field in a public document.