Posted 3/7/2024, 10:55:38 PM
BlackRock Seeks More Bitcoin ETFs to Boost Returns for Struggling Global Fund
- BlackRock filed with SEC to purchase more Bitcoin ETFs for its Global Allocation Fund
- Intends to use new Bitcoin ETFs to improve fund's returns compared to global stocks
- Fund has underperformed so far this year, sees Bitcoin as way to make up ground
- BlackRock's current Bitcoin ETF is best performing one on the market
- Comes after BlackRock also applied for more Bitcoin ETFs for its Strategic Income Opportunities Fund
