BlackRock may buy Bitcoin spot ETF for its Global Allocation Fund
Based on the latest documents submitted to the US SEC by the American asset management company, BlackRock may purchase Bitcoin spot ETF for its Global Allocation Fund. The company stated in Thursday's filing: "The Fund may purchase stocks of exchange-traded products (ETPs) that track the performance of Bitcoin prices, including Bitcoin ETPs from BlackRock subsidiaries." As of March 7th, the Global Allocation Fund had assets under management of $17.8 billion. Earlier this week, BlackRock also applied to include a spot Bitcoin ETF in its Strategic Income Opportunities Fund, which has assets under management of over $36.7 billion.
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