Asset management giant BlackRock plans to include spot market Bitcoin (BTC) exchange-traded fund (ETF) exposure in its proposed in-house investment fund.
Blackrock has recently prospectus We filed with the U.S. Securities and Exchange Commission (SEC) in connection with our proposed Strategic Income Opportunities Portfolio, a fund that invests in high-yield securities, international securities, emerging market debt and mortgages.
The prospectus indicates that the proposed fund may also invest in other market sectors such as BlackRock’s newly authorized BTC ETF, iShares Bitcoin Trust (IBIT). There is.
BlackRock wrote extensively about the risks associated with its Bitcoin exposure in a filing with the SEC.
“The opaque nature of digital asset markets poses asset verification challenges for market participants, regulators, and auditors, and increases the risk of manipulation and fraud, including the potential for Ponzi schemes, bucket shops, and pump-and-dump schemes. Digital assets have historically been used to facilitate illegal activities.
If digital assets are used to facilitate illegal activities, companies that facilitate transactions in such digital assets may be at increased risk of potential criminal liability, civil liability, litigation, or Other services may be cut off and such digital assets may be deleted. From a digital asset platform.
The foregoing events may adversely affect the price of Bitcoin, the attractiveness of the Bitcoin blockchain network, and Bitcoin-related investments.
Last week, IBIT was one of only 52 ETFs out of 3,400 with more than $10 billion in assets under management (AUM), according to Eric Balchunas, senior ETF analyst at Bloomberg Intelligence.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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