BlackRock, which has $10 billion in assets under management, has taken action for the spot Bitcoin exchange traded product (ETP).
BlackRock recently launched spot Bitcoin ETPs. 36.7 billion Strategic Income Opportunities Fund applied for inclusion. BlackRock’s application files of the Global Allocation FundIt was stated that it plans to purchase spot Bitcoin ETP products.
In this way, their customers are more A comprehensive spot Bitcoin investment The giant company that aims to offer Bitcoin will create more money sources for Bitcoin if it can get approval.
In the details of the application file in question, the fund Bitcoin ETPs listed and traded only on national exchanges It was stated that he would invest in:
The Fund purchases shares of exchange-traded products (“ETPs”) intended to generally reflect the performance of the Bitcoin price by directly holding Bitcoin (“Bitcoin ETPs”), including shares of the Bitcoin ETP backed by an affiliate of BlackRock. can take. The Fund will invest only in Bitcoin ETPs that are listed and traded on national exchanges.
BlackRock January 10 It succeeded in obtaining spot Bitcoin exchange-traded fund (ETF) approval from the US Securities and Exchange Commission.