PANews reported on May 21 that according to The Block, the world's largest alternative asset management company Blackstone Group disclosed on May 20 that it had purchased its first crypto asset product, the BlackRock Spot Bitcoin ETF (IBIT) worth $1.08 million, which accounted for a very small proportion of its more than $1 trillion in assets under management. Despite the recent strong performance of Bitcoin, Blackstone remains cautious. The investment was reflected until the end of March and also marked its first foray into the crypto asset field in public documents.