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.
Spot bitcoin exchange traded funds (ETFs) approved in January of this year have been a big success, relative to the broader ETF market, with BlackRock's iShares Bitcoin Trust (IBIT) holding the record for the most daily inflows.
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