According to a report by Cointelegraph, BlackRock, a major asset management company, may include a Bitcoin spot ETF in the portfolio of its Global Allocation Fund (fund code: MALOX). According to the updated document submitted to the U.S. Securities and Exchange Commission (SEC) on March 7, the fund may purchase its own issued Bitcoin spot ETF – iShares Bitcoin Trust (IBIT), as well as other issuers’ Bitcoin spot ETFs, and will only invest in Bitcoin ETPs traded on national stock exchanges. The document stated that the BlackRock Global Allocation Fund was launched in 1989 with the aim of providing investment returns through a comprehensive managed investment policy, utilizing U.S. and foreign stocks, bonds, and currency market securities (including companies such as Microsoft and Apple). As of March 7, MALOX has assets under management of $17.8 billion. MALOX is not the only fund of BlackRock planning to hold Bitcoin spot ETFs. According to a previous report by Zombit, on March 4, BlackRock submitted an application to the SEC to add exposure to Bitcoin ETFs in its BlackRock Strategic Income Opportunities Fund (BSIIX).
