BlackRock may purchase Bitcoin spot ETFs for its Global Allocation Fund

2024-03-08 18:31:09

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ChainCatcher news, according to The Block, based on the latest filings submitted by the American asset management company to the SEC, BlackRock may purchase a Bitcoin spot ETF for its Global Allocation Fund.

The company stated in its filing on Thursday: "The fund may purchase shares of exchange-traded products (ETPs) that track the performance of Bitcoin prices, including Bitcoin ETPs from BlackRock's subsidiaries."

As of March 7, the Global Allocation Fund has an asset management scale of $17.8 billion. Earlier this week, BlackRock also applied to include a Bitcoin spot ETF in its Strategic Income Opportunities fund, which has an asset management scale of over $36.7 billion.

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