BLACKROCK FILES TO PURCHASE MORE BITCOIN ETFS FOR SIO FUND

Summary from the TLDR Crypto newsletter

Asset manager BlackRock has filed an application with the SEC to acquire shares of Bitcoin ETFs for its own funds. The firm plans to do this through its Strategic Income Opportunities Fund. The fund’s ETF has gained the lead in market share amongst the new spot Bitcoin ETFs and has done record-breaking levels of trading volume. This move would allow BlackRock to make investments directly into these ETFs, giving clients of this fund direct exposure to Bitcoin.