BlackRock Plans to Acquire Spot Bitcoin ETPs for Its Global Allocation Fund

Bianca Echa

BlackRock Plans to Acquire Spot Bitcoin ETPs for Its Global Allocation Fund

“The Fund may acquire shares in exchange-traded products (“ETPs”) that seek to reflect generally the performance of the price of bitcoin by directly holding bitcoin (“Bitcoin ETPs”), including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock. The Fund will only invest in Bitcoin ETPs that are listed and traded on national exchanges,” the filing said.

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