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How will BlackRock's Bitcoin ETF perform compared to major indices by December 31, 2024?
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Resolution / Starting Odds
Outperforms S&P 500 • 25%
Outperforms NASDAQ • 25%
Outperforms both S&P 500 and NASDAQ • 25%
Underperforms both S&P 500 and NASDAQ • 25%
Performance data from BlackRock and major financial indices
Story
BlackRock Adds 4,000 Bitcoin ETF Shares, Invests $222 Million in Strategic Global Bond Fund
Aug 26, 2024, 10:52 PM
BlackRock, the world's largest asset manager with $9 trillion in assets, has made a significant investment in its own Bitcoin ETF. The company added 4,000 shares of its spot Bitcoin ETF to its Strategic Global Bond Fund, increasing its holdings from 12,000 to 16,000 shares. BlackRock's website reveals that the Strategic Global Bond Fund now holds 32,000 shares of their Bitcoin ETF. This move is part of a broader strategy as BlackRock reportedly purchased $222 million worth of Bitcoin, a volume nearly eight times the newly mined supply, according to BBG. The investment reflects BlackRock's deepening involvement in the cryptocurrency market.
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Similar markets
Outperforms S&P 500 • 25%
Underperforms S&P 500 but outperforms Bitcoin • 25%
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