BlackRock has announced its plans to incorporate Bitcoin ETFs into its investment portfolio, demonstrating its increasing interest in the digital currency market. These ETFs are traded on public exchanges and typically follow a specific cryptocurrency. Similar to other funds, crypto ETFs are available on regular stock exchanges and can be held in standard brokerage accounts.
The fund aims to invest at least 70% of its assets in these securities under normal market conditions. As of March 2024, the fund manages $17.8 billion in assets and has achieved a year-to-date return of 4.61%. Its objective is to capitalize on international investment opportunities and generate consistent long-term returns.
