Posted 3/5/2024, 12:01:02 PM
BlackRock Files to Add Bitcoin ETFs to Fund, Cautions Risks
- BlackRock filed with SEC to add Bitcoin ETFs to its Strategic Income Opportunities Fund
- The fund will invest in Bitcoin exchange-traded products that track Bitcoin price
- BlackRock cautioned about risks like losing all money invested due to Bitcoin volatility
- The firm warned of lack of transparency, fraud risk, and use for illicit activities with crypto
- BlackRock's Bitcoin ETF filings follow January SEC approvals of 11 spot Bitcoin ETFs
