BlackRock, a leading global asset management firm, is actively seeking regulatory approval to expand its investment offerings to include Bitcoin-related products. The firm has submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) for a new Strategic Income Opportunities Portfolio, which will focus on high-yield bonds, international debt, and potentially a new Bitcoin ETF, named the iShares Bitcoin Trust. Additionally, BlackRock plans to incorporate spot Bitcoin ETFs into its $18 billion AUM Global Allocation Fund (MALOX), which has historically gained Bitcoin exposure through futures contracts. This move will allow BlackRock mutual funds to directly purchase Bitcoin ETFs, marking a significant shift in the firm's strategy towards cryptocurrency investments.
Blackrock wants your Bitcoin https://t.co/nFRVw7Yjk6
#Blackrock’s Global Allocation Fund (MALOX) has filed to add spot #Bitcoin ETFs to its portfolio. In an earlier piece, I stated that multi-asset funds will be among the first to allocate to Bitcoin strategically. The Blackrock filing confirms this and further proves that… https://t.co/omjih2hJJY
Blackrock Expands Investment Horizon With #Bitcoin ETPs for Global Allocation Fund https://t.co/lLV56ZM9Jd
JUST IN: BlackRock files for spot Bitcoin of Points ETF
TradFi giant BlackRock plans to purchase spot bitcoin exchange traded products (ETPs) for the firm’s $18 billion AUM Global Allocation Fund. by @@IanAllison123 https://t.co/DD36OXnYmm
NEW: BlackRock submits a prospectus to the 🇺🇸 SEC about the company's new "Strategic Income Opportunities Portfolio" investing in high-yield bonds, international debt, and potentially its new #Bitcoin ETF (iShares #Bitcoin Trust). https://t.co/UU8pexhk1O
BlackRock mutual funds that historically got BTC exposure via futures contracts can now buy bitcoin ETFs too https://t.co/TcILJ7SeIS
BlackRock, a global leader in asset management, is in the process of seeking regulatory approval to incorporate spot Bitcoin ETFs into its Global Allocation Fund, known as MALOX https://t.co/srTW8WjDnX