World’s Largest Asset Manager BlackRock Is Trading Bitcoin Futures

According to Securities and Exchange Commission filings submitted Wednesday, the BlackRock Global Allocation Fund held 37 futures contracts, which expired on March 26, from the Chicago Mercantile Exchange (CME) price $6.15 million. The contracts had appreciated by $360,458.

The filings match prospectus documents filed with the SEC in January, which confirmed that BlackRock was eyeing cash-settled bitcoin futures as potential investments for 2 of its funds, BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund. 

Though the funding could possibly be seen as a trial run for the funding big, which had $8.67 trillion in assets under management on the finish of the fourth quarter of 2020, it’s one more testomony to bitcoin’s widespread institutional adoption. 


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