BlackRock may purchase Bitcoin spot ETFs for its Global Allocation Fund

ChainCatcher news, according to The Block, based on the latest filings submitted by the American asset management company to the SEC, BlackRock may purchase a 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's subsidiaries."

As of March 7, the Global Allocation Fund has an asset management scale of $17.8 billion. Earlier this week, BlackRock also applied to include a Bitcoin spot ETF in its Strategic Income Opportunities fund, which has an asset management scale of over $36.7 billion.