Last Thursday, the world's largest asset manager filed a Form D, or a notice of exempt securities offerings, to the Securities and Exchange Commission regarding its USD Institutional Digital Liquidity Fund. According to the filing, the pooled investment fund will require outside investors to put down a minimum of $100,000.The notice shows the fund's estimated sales commissions are set at $525,000, with no finder's fees reported.
Since regulators gave it the green light in January, BlackRock's iShares Bitcoin ETF has accumulated $15.5 billion in assets under management, making it the second-largest spot bitcoin ETF, according to data compiled by The Block. The firm has over $9 trillion in assets under management. Neither BlackRock nor Securitize were immediately available for comment. Disclaimer: The Block is an independent media outlet that delivers news, research, and data.