$ 49,184
$ 1,559.0
$ 175.03
okex ads

World’s Largest Asset Manager Blackrock to Invest in Bitcoin Futures

Blackrock, the world’s largest asset manager with $7.81 trillion under management, is getting into bitcoin. The firm has filed with the U.S. Securities and Exchange Commission (SEC) for two of its funds to invest in bitcoin futures.

Blackrock Gets Into Bitcoin

Blackrock filed two “statements of additional information” with the SEC on Wednesday. One was for Blackrock Funds V and the other was for Blackrock Global Allocation Fund Inc. Both filings state:

Certain funds may engage in futures contracts based on bitcoin.

The two filings further detail, “The only bitcoin futures in which the funds may invest are cash-settled bitcoin futures traded on commodity exchanges registered with the CFTC.”

The documents also warn that “Regulatory changes or actions may alter the nature of an investment in bitcoin futures or restrict the use of bitcoin or the operations of the bitcoin network or exchanges on which bitcoin trades in a manner that adversely affects the price of bitcoin futures, which could adversely impact a fund.”

In December, Blackrock CEO Larry Fink made some bullish statements about bitcoin. He said: “Can it [bitcoin] evolve into a global market? Possibly.” Furthermore, he noted that “Having a digital currency makes the need for the U.S. dollar to be less relevant.”

Blackrock joins several other asset management firms that are investing in bitcoin, including British fund manager Ruffer and Skybridge. In addition, Guggenheim is planning to invest in the near future, pending approval from the SEC.

Related Posts

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

How AI And Blockchain Can Augment Human Ability To Innovate
March 1, 2021By
Canada’s Ninepoint Launches Bitcoin Fund Following $180M IPO
March 1, 2021By
India’s Reserve Bank concerned digital currencies will impact financial stability
March 1, 2021By


Video Posts

How AI And Blockchain Can Augment Human Ability To Innovate
March 1, 20210
The State Of Bitcoin And Alt Coins
February 27, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin49,184 1.61 % 13.38 % 14.71 %
Ethereum1,559.0 1.35 % 19.48 % 19.70 %
Cardano1.270 0.03 % 6.24 % 15.35 %
Binance Coin258.27 2.27 % 29.82 % 12.63 %
Tether1.010 0.64 % 0.46 % 0.32 %
Polkadot35.52 1.48 % 17.10 % 10.57 %
XRP0.4395 1.11 % 9.12 % 20.23 %
Litecoin175.03 1.05 % 12.86 % 23.21 %
Chainlink27.25 0.97 % 17.50 % 20.43 %
Stellar0.4240 0.92 % 9.48 % 15.07 %