Bitcoin has made a bombshell entry into the world of investment with ETFs, and now it seems that it will start to be included in portfolios. Finally, after the investment giant Fidelity added Bitcoin to its “All-in-one Fund” in Canada, a similar step came from BlackRock.
BlackRock, the world’s largest investment management company, wants to add the new Bitcoin ETF to its fund called Strategic Income Opportunities.
In BlackRock’s application to the SEC, “The fund may acquire shares in exchange-traded products (ETPs) that seek to reflect generally the performance of the price of Bitcoin by directly holding Bitcoin (Bitcoin ETPs),” the company wrote.
BlackRock also informed that the Strategic Investment Opportunities Fund will only include Bitcoin ETPs listed on national securities exchanges in the US.
“You may lose all of your investment”
In BlackRock’s filing, a warning was also made for investors and it was stated that “You may lose part or all of your investment in the fund or your investment may not perform as well as other similar investments.”
The SEC has previously requested that companies applying for ETFs many times before not to withhold such warnings.
BlackRock’s Bitcoin spot ETF has received $11.5 billion in funding since 11 January. The fund saw a net input of $420 million yesterday.