BlackRock may buy Bitcoin spot ETF for its Global Allocation Fund

On March 8th, according to The Block, based on the latest documents submitted by the American asset management company to the U.S. SEC, BlackRock may purchase Bitcoin spot ETF for its Global Allocation Fund. The company stated in its filing on Thursday: "The fund may purchase shares of exchange-traded products (ETPs) that track the performance of Bitcoin prices, including Bitcoin ETPs from BlackRock subsidiaries." As of March 7th, the assets under management of the Global Allocation Fund were $17.8 billion. Earlier this week, BlackRock also applied to include a spot Bitcoin ETF in its Strategic Income Opportunities Fund, which has assets under management exceeding $36.7 billion.