Bitcoin Giant BlackRcok May Buy More BTC for Its $36.7 Billion Fund!
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BlackRock, which has $10 billion in assets under management, has taken action for the spot Bitcoin exchange traded product (ETP).
BlackRock recently filed to include spot Bitcoin ETPs in its 36.7 billion Strategic Income Opportunities Fund. It was stated in the application files that BlackRock's Global Allocation Fund plans to purchase spot Bitcoin ETP products.
In this way, the giant company, which aims to offer a more comprehensive spot Bitcoin investment to its customers, will create more money sources for Bitcoin if it can receive approval.
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