Blackrock Bitcoin. BlackRock Inc is adding bitcoin futures as an eligible investment to two funds a company filing showed in a move to bring the world of cryptocurrency to its clients. Futures contracts are a financial instrument that allows buying or selling an asset at a particular price in the future.
Having competed ferociously over the past few years for the title of safe haven king Bitcoins addition to Blackrocks assets may see investors prefer the digital asset to. BlackRock Inc the worlds largest asset manager is adding bitcoin futures as an eligible investment to two funds a company filing showed. Securities and Exchange Commission.
A newly released BlackRock filing with the Securities and Exchange Commission SEC dated June 30 2021 has revealed that the firm has invested more than 382 million in the shares of Marathon Digital and Riot Blockchain making it the second-highest shareholder of both bitcoin mining companies according to a Forbes report on June 19 2021.
BlackRocks new choice to participate in a bitcoin mining company is one of the latest significant trends for traditional financial institutions to want exposure in cryptocurrency by focusing on US-based miners. The company said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc. In Bitcoin Markets. BlackRock the largest asset manager in the world held 108 million in CME Bitcoin futures in August according to a recent filing with the US.