BlackRock may buy Bitcoin spot ETF for its Global Allocation Fund

BlockBeats news, on March 8, The Block reported that BlackRock may purchase a Bitcoin spot ETF for its Global Allocation Fund, according to the latest documents submitted by the US asset management company to the US SEC. “The Fund may purchase shares of exchange-traded products (ETPs) that track the price performance of Bitcoin, including BlackRock affiliates’ Bitcoin ETPs,” the company said in Thursday’s filing. As of March 7, Global Allocation Fund had $17.8 billion in assets under management. Earlier this week, BlackRock also filed to add a spot Bitcoin ETF to its Strategic Income Opportunities fund, which has more than $36.7 billion under management.