Ethereum

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>BlackRock is considering buying spot bitcoin ETFs for its Global Allocation Fund.</li>
 <li>The firm has also proposed the launch of a spot Ethereum ETF.</li>
</ul>
<p>BlackRock, a U.S.-based asset management firm, has revealed plans to potentially buy spot bitcoin ETFs for its Global Allocation Fund. This was stated in a recent filing with the Securities and Exchange Commission (SEC).</p>
<p>The company stated in the filing, “The Fund may acquire shares in exchange-traded products (ETPs) that seek to reflect generally the performance of the price of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">bitcoin</a> by directly holding bitcoin (Bitcoin BTC) ETPs, including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.” The firm also added that it would only consider investing in bitcoin ETFs listed on national securities exchanges.</p>
<h2 id="global-allocation-fund-and-strategic-income-opportunities-fund">Global Allocation Fund and Strategic Income Opportunities Fund</h2>
<p>The Global Allocation Fund, which uses U.S. and foreign equity, debt, and money market securities to maximize returns, managed assets worth $17.8 billion as of March 7, according to BlackRock. This week, the firm also filed to include spot bitcoin ETFs in its Strategic Income Opportunities Fund, which manages over $36.7 billion.</p>
<p>BlackRock’s iShares Bitcoin Trust (IBIT), its spot bitcoin ETF, has been leading the ETF race since its launch in January. Following bitcoin’s new all-time high above $69,000, it saw record daily inflows of $788.3 million on Tuesday. At present, IBIT holds $12.7 billion worth of bitcoin.</p>
<h2 id="blackrock-s-proposed-ethereum-etf">BlackRock’s Proposed Ethereum ETF</h2>
<p>In addition to its success with bitcoin, BlackRock has also proposed the launch of a spot <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ETF. However, the SEC has postponed making a decision on this proposal, along with a similar one from Fidelity.</p>

BlackRock Aims to Acquire Bitcoin ETFs for Global Investment Strategy

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