-
BlackRock
is
purchasing
spot
bitcoin
ETPs,
including
its
own
IBIT
product,
for
its
$18
billion
AUM
Global
Allocation
Fund. -
BlackRock
filed
to
incorporate
spot
bitcoin
ETPs
into
its
$36.7
billion
AUM
Strategic
Income
Opportunities
Fund
earlier
this
week.
-
02:22
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Bitcoin
Match
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Position
in
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Portfolios?
US
To
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Do
Kwon’s
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01:05
Spot
Bitcoin
ETFs
Have
‘a
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Way
Left
to
Go,’
Economist
Says -
00:43
Bitcoin
Is
a
‘Better
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Than
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Economist -
15:55
Spot
BTC
ETF
Is
‘a
New
Door’
for
TradFi
BlackRock,
the
$9.1
trillion
asset
manager,
has
laid
out
plans
to
purchase
spot
bitcoin
exchange
traded
products
(ETPs)
for
the
firm’s
Global
Allocation
Fund,
according
to
an
updated
filing
on
Thursday
with
the
the
Securities
and
Exchange
Commission
(SEC).
Spot
bitcoin
exchange
traded
funds
(ETFs)
approved
in
January
of
this
year
have
been
a
big
success,
relative
to
the
broader
ETF
market,
with
BlackRock’s
iShares
Bitcoin
Trust
(IBIT)
holding
the
record
for
the
most
daily
inflows.
The
$18
billion
AUM
Global
Allocation
Fund
filing
says
BlackRock
may
acquire
its
own
IBIT
product
as
well
as
other
bitcoin
ETPs.
“The
Fund
may
acquire
shares
in
exchange-traded
products
(“ETPs”)
that
seek
to
reflect
generally
the
performance
of
the
price
of
bitcoin
by
directly
holding
bitcoin
(“Bitcoin
ETPs”),
including
shares
of
a
Bitcoin
ETP
sponsored
by
an
affiliate
of
BlackRock.
The
Fund
will
only
invest
in
Bitcoin
ETPs
that
are
listed
and
traded
on
national
exchanges,”
the
filing
said.
BlackRock
filed
to
incorporate
spot
bitcoin
ETPs
into
its
$36.7
billion
AUM
Strategic
Income
Opportunities
Fund
earlier
this
week.
BlackRock
did
not
immediately
respond
to
requests
for
comment.