Bitcoin ETF

Bitcoin

Spot

BlackRock

<p><strong>BlackRock’s iShares Bitcoin Trust (IBTC) demonstrates remarkable performance in the spot Bitcoin ETF market. Amidst an explosion in demand for spot Bitcoin ETFs, BlackRock has engaged in a diversification strategy to meet this demand. Hence their request to purchase ETFs from the American financial regulator.</strong></p>
<h2 id="h-a-plan-to-purchase-bitcoin-etfs-to-support-a-blackrock-fund">A plan to purchase Bitcoin ETFs to support a BlackRock fund</h2>
<p>According to recent information, <a href="https://www.cointribune.com/en/?p=670614" target="_blank" rel="noopener noreferrer nofollow">financial giant BlackRock</a> has filed an application with the SEC to purchase additional Spot Bitcoin ETFs. The application actually covers the company’s Global Allocation Fund.</p>
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<p><a href="https://watcher.guru/news/blackrock-files-to-purchase-bitcoin-etfs-for-global-allocation-fund" target="_blank" rel="noopener noreferrer nofollow">According to the SEC filing</a>, it may invest in exchange-traded products (ETPs) that track the performance of bitcoin (BTC), including those sponsored by companies affiliated with BlackRock.</p>
<p>However, it will only consider ETFs listed and traded on national securities exchanges. In other words, it will cover only regulated products allowed to be traded on national securities exchanges, thus offering a certain level of security.</p>
<p>It’s worth noting that the application for the Global Allocation Fund follows another recent request. It concerns the Strategic Income Opportunities Fund which BlackRock is trying to reinvigorate. This fund aims to provide competitive returns in comparison to global equities with lower risk.</p>
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     <p lang="en" dir="ltr">BREAKING : BlackRock files to purchase spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs for its Global Allocation Fund. <a href="https://t.co/udaaFTiehc" rel="noopener noreferrer nofollow">pic.twitter.com/udaaFTiehc</a></p>— Rohitash Yadav (CCM) (@RYadav8177) <a href="https://twitter.com/RYadav8177/status/1765919105998070259?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 8, 2024</a>
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<h2 id="h-the-situation-of-blackrock-in-the-bitcoin-etf-market">The situation of BlackRock in the Bitcoin ETF market</h2>
<p>The recent application to purchase Bitcoin ETFs by BlackRock is part of a context. The firm is simply winning its bet on the leading cryptocurrency via the iShares Bitcoin Trust (IBTC), its spot Bitcoin ETF.</p>
<p>It is currently the most high-performing ETF in the market. A performance that has sparked increased interest in Bitcoin ETFs. Last week was marked by unprecedented performances for all Bitcoin ETFs, with prices reaching new heights.</p>
<p>In these circumstances, BlackRock is clearly deploying a strategy aimed at diversifying its portfolio to further capitalize on the potential of cryptocurrencies, particularly that of bitcoin. This, by offering the best opportunities to its clients.</p>
<p>Note that for the time being, <a href="https://www.cointribune.com/en/bitcoin-the-sec-has-finally-approved-spot-etfs/" target="_blank" rel="noopener noreferrer nofollow">the SEC</a> has not yet approved BlackRock’s request for additional ETFs for the Strategic Income Opportunities Fund. The decision is up to the commission which will review the merits of the request before reaching a conclusion. To be continued…</p>

Bitcoin Spot ETF: BlackRock files purchase request with SEC

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