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Three BlackRock funds now have the ability to allocate to bitcoin ETFs.
The fund giant — with roughly $10 trillion in assets under management — said in a Thursday filing that it may buy shares of bitcoin exchange-traded products (ETPs) traded on “national securities exchanges” for the BlackRock Global Allocation Fund.
The disclosure came a few days after the company added similar language to the prospectus of its Strategic Income Opportunities Portfolio and the BlackRock Strategic Global Bond Fund.
Such an allocation to bitcoin ETFs could include buying the firm’s own fund, the filings indicate. BlackRock launched the iShares Bitcoin Trust (IBIT) alongside nine competing…
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