BlackRock doubles down, its global allocation fund and strategic income opportunity fund apply to invest in Bitcoin

BlackRock's flagship global allocation fund and strategic income opportunities fund also invest in Bitcoin ETP-related products, but its previously filed Bitcoin ETF application with the SEC has been delayed.

BlackRock Global Allocation Fund to Invest in Bitcoin

According to the latest documents, BlackRock has stated that its Global Allocation Fund may include Bitcoin exchange-traded products (ETPs) to reflect the overall price performance of Bitcoin.

This is limited to Bitcoin ETPs listed and traded on national stock exchanges, including Bitcoin ETP shares introduced by BlackRock subsidiaries.

Strategic Income Opportunities Fund Also Considering Bitcoin Inclusion

Recently, BlackRock also submitted an amendment to the U.S. Securities and Exchange Commission (SEC) on 3/4, to include Bitcoin risk in its Strategic Income Opportunities Fund (BSIIX), which has a size of up to $36.5 billion.

Institutions are entering BTC, Stanford University's Blyth Fund, BlackRock itself also joining the fray

SEC Delays BlackRock Bitcoin ETF Decision

Despite the strong performance of BlackRock's Bitcoin ETF "IBIT" and its continuous applications for large funds to invest in Bitcoin, BlackRock has also faced challenges.

Documents show that the SEC has decided to extend the approval deadline for BlackRock's Bitcoin ETF options to April 24.

Similar to the reasons for delaying the Ethereum spot ETF, the SEC believes that designating a longer period is appropriate to allow sufficient time to consider the proposed rule changes.

BlackRock Bitcoin ETF Sets New Record: $788 million inflow in a single day