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BlackRock plans to add Bitcoin exposure to its $36.5 billion Strategic Income Opportunities Fund

BlackRock plans to add Bitcoin exposure to its $36.5 billion Strategic Income Opportunities Fund

CointimeCointime2024/03/05 02:11
By:Cointime

The world's largest asset management company BlackRock submitted a revision, planning to add bitcoin exposure to its Strategic Income Opportunities Fund (BSIIX). The BSIIX fund has a total size of 36.5 billion US dollars, and as of March 1st, the net assets of its share class totaled 24.2 billion US dollars. The fund typically invests in fixed income securities and other market sectors under specific conditions.

This bitcoin exposure, including exchange-traded funds (ETFs) for spot bitcoin trading, is expected to enhance the fund's attractiveness and performance, providing a modern investment path for traditional asset investment. According to the March 4th document, BlackRock intends to purchase shares of exchange-traded products (ETPs) that closely track bitcoin price performance, including shares that hold digital assets directly.

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