BlackRock Files To Purchase More Bitcoin ETFs for SIO Fund BlackRock has submitted a request to acquire additional Bitcoin ETFs for its SIO Fund.
BlackRock has submitted a new filing to the SEC for acquiring additional Bitcoin ETFs, as shown in recent records released by the commission. BlackRock plans to incorporate the new Bitcoin ETFs into its Strategic Income Opportunities Fund. The recent filing states that the Fund may invest in shares of exchange-traded products that aim to track the price of bitcoin by holding bitcoin directly, including a Bitcoin ETP linked to a BlackRock affiliate. The Spot BTC ETF from BlackRock is currently outperforming all others on the market, causing a rise in popularity for Bitcoin ETFs. Total trading volume for Bitcoin ETF surpassed $4 billion on Monday, hitting $5.4 billion, marking its second highest trading day since its inception. BlackRock’s television advertising for its ETF reached a total of $2,410,752,472. This is in addition to the fact that BlackRock’s Spot Bitcoin ETF now has over $10 billion in assets. BlackRock states that the Strategic Income Opportunities Fund is a bond strategy that aims to provide investors with appealing income, returns, and important diversification for their portfolios. Additionally, the SIO focuses on protecting and safeguarding capital. BlackRock is looking to enhance its fund for clients by potentially introducing new BTC ETFs, with hopes that this boost will make their product even stronger. The approval of more ETFs for BlackRock lies in the hands of the SEC.