Bitcoin ETF

Spot

BlackRock

<ul> 
 <li>According to BlackRock’s application, there is a possibility of acquiring spot bitcoin exchange-traded funds (ETFs) for the Global Allocation Fund.</li> 
 <li>BlackRock has also applied to include spot bitcoin ETFs in the Strategic Income Opportunities fund, which has assets of over $36.7 billion.</li> 
 <li>BlackRock’s spot bitcoin ETF, iShares Bitcoin Trust (IBIT), has maintained its lead in the ETF race since its launch in January.</li> 
</ul> 
<p><strong>BlackRock, the world’s largest asset manager, has announced its intention to purchase a spot Bitcoin ETF for the Global Allocation Fund.</strong></p> 
<h2 id="strong-blackrock-reveals-plan-to-acquire-spot-bitcoin-etf-strong"><strong>BlackRock Reveals Plan to Acquire Spot Bitcoin ETF</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-133958" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="BlackRock" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-2-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>According to the updated application submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC), there is a possibility of acquiring spot bitcoin exchange-traded funds (ETFs) for the Global Allocation Fund.</p> 
<p>In the application filed on Thursday, the company stated, “The Fund may invest in shares of exchange-traded products (ETPs), typically exchange-traded products that aim to reflect the price performance of bitcoin, by directly holding bitcoin (via Bitcoin ETPs). This includes shares of a Bitcoin ETP supported by an affiliate of BlackRock.” indicating that they will invest only in bitcoin ETFs listed on national securities exchanges.</p> 
<p>According to BlackRock’s data, as of March 7, the Global Allocation Fund, which uses U.S. and foreign stocks, debt securities, and money market instruments to maximize returns, had assets under management of $17.8 billion.</p> 
<p>Earlier this week, BlackRock also applied to include spot bitcoin ETFs in the Strategic Income Opportunities fund, which has assets of over $36.7 billion.</p> 
<h2 id="strong-blackrock-s-ibit-etf-stands-out-strong"><strong>BlackRock’s IBIT ETF Stands Out</strong></h2> 
<p>Meanwhile, iShares Bitcoin Trust (IBIT), BlackRock’s spot bitcoin ETF, has maintained its lead in the ETF race since its launch in January. Following Bitcoin’s new all-time high above $69,000 on Tuesday, IBIT recorded a record daily inflow of $788.3 million. IBIT currently holds bitcoin worth $12.7 billion. During the success of IBIT, BlackRock also proposed the launch of a spot Ethereum ETF, but the SEC postponed a decision-making process along with a similar proposal from Fidelity.</p> 
<div class="code-block-grte code-block-grte-2" style="margin: 8px 8px 8px 0; float: left;"> 
 <table style="width: 100%; border-collapse: collapse;"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left; background-color: #f2f2f2; padding: 10px;"> <a href="https://t.me/coinotagpro_bot/" target="_blank" rel="noopener"> <strong> <span style="color: #000000;">CLICK TO HERE TO JOIN</span> <span style="color: #e67e22;">OINOTAG PRO + COPY TRADE BASED ON NEWS TRADING</span> </strong> </a> </td> 
   </tr> 
  </tbody> 
 </table> 
</div>  
<p>The post <a rel="nofollow" href="https://en.coinotag.com/blackrock-may-purchase-spot-bitcoin-etfs-for-global-allocation-fund/">BlackRock May Purchase Spot Bitcoin ETFs for Global Allocation Fund</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

BlackRock May Purchase Spot Bitcoin ETFs for Global Allocation Fund

Table of Contents

CO NEWS

Other articles published on Mar 8, 2024

Floki Coin Soars and Launches Major Ad Campaign in Times Square

Is Dogecoin The New Millionaire Maker? Over 1,000 Addresses Hold Big Bags

SafePal invests in & partners with Switzerland’s Fiat24

3 Best Crypto Altcoins to Buy In March 2024

Cardano [ADA] to $1? – Why memecoins might have a say

Bitcoin Above $70K; MicroStrategy Takes On $700 Million In Debt Offering To Keep Buying

Join our free newsletter for daily crypto updates!