Fast calculatoins if they allocate 1% it would mean a btc price increase of around
$11 111.11 per btc
#datadriven #btc #blackrock
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BlackRock Plans to Purchase Bitcoin ETP for Global Allocation Fund
According to Foresight News, BlackRock intends to buy Bitcoin Exchange Traded Products (ETP) for its Global Allocation Fund, as reported in the latest filing submitted to the US Securities and Exchange Commission (SEC). The fund may purchase ETP shares that track the performance of Bitcoin, including those of BlackRock's subsidiary. Additionally, the fund will only invest in Bitcoin ETPs listed and traded on national exchanges.
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