According to a report by Cointelegraph, BlackRock, a major asset management company, may include a Bitcoin spot ETF in the investment portfolio of its Global Asset Allocation Fund (fund code: MALOX). According to an 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 Bitcoin spot ETFs launched by other issuers, and will only invest in Bitcoin ETPs traded on national stock exchanges. The document states that the BlackRock Global Asset Allocation Fund was launched in 1989 with the aim of providing investment returns through a comprehensive investment policy that utilizes U.S. and foreign stocks, bonds, and currency market securities, including companies like Microsoft and Apple. As of March 7, MALOX had 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, BlackRock submitted an application to the SEC on March 4 to add exposure to Bitcoin ETFs in its BlackRock Strategic Income Opportunities Fund (BSIIX).
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