Publicly available data on BlackRock's Bitcoin ETF holdings

Scott Bessent Discloses $500,000 Bitcoin ETF Holdings and $521 Million Portfolio as Incoming Treasury Secretary

Jan 12, 2025, 04:32 PM

Scott Bessent, the nominee for U.S. Treasury Secretary under President Donald Trump, has disclosed personal holdings of up to $500,000 in BlackRock's Bitcoin ETF. Bessent plans to divest from this investment before officially taking office. His portfolio, valued at approximately $521 million, includes various global assets and reflects a growing institutional interest in cryptocurrencies. The disclosure has sparked discussions regarding the implications of having a Treasury Secretary with direct exposure to Bitcoin, suggesting a potential shift in the government's approach to digital assets. Bessent's comments indicate that he believes a significant realignment in global policy and trade is on the horizon.