BlackRock Files To Purchase More Bitcoin ETFs for SIO Fund

blackrock bitcoin btc etf
Source: Coinsturn

BlackRock has opened a new filing with the SEC to purchase more Bitcoin ETFs, according to new filing records by the commission. BlackRock intends to use the new Bitcoin ETFs for its Strategic Income Opportunities Fund.

The latest filing reads: “The Fund may acquire shares in exchange-traded products (“ETPs”) that seek to reflect generally the performance of the price of bitcoin by directly holding bitcoin (“Bitcoin ETPs”), including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.”

BlackRock’s current Spot BTC ETF is the best-performing one on the market, leading to the surge for Bitcoin ETFs. On Monday, total Bitcoin ETF trading volume broke over $4 billion once again, reaching $5.4 billion, its second-largest trading day since launch. BlackRock’s TV for its ETF reached $2,410,752,472.

Also Read: BlackRock’s Spot Bitcoin ETF Now Holds Over $10B in Assets

According to BlackRock, the Strategic Income Opportunities Fund is a flexible bond strategy that seeks to offer investors attractive income, returns, and meaningful portfolio diversification. Furthermore, the SIO specializes in the preservation of capital. With the boost coming from the prospective new BTC ETFs, BlackRock hopes to make the fund a stronger product for its clients.

It is up to the SEC to approve BlackRock’s request for more ETFs.