Name Price24H (%)
Bitcoin (BTC)
$46,531.00
-0.90%
Ethereum (ETH)
$1,451.09
-1.58%
XRP (XRP)
$0.430264
-0.68%
Litecoin (LTC)
$170.97
-4.09%
BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures
News

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures



BlackRock, the world’s largest asset manager appears to have granted at least two of its funds the ability to invest in bitcoin futures.

Prospectus documents filed with the U.S. Securities and Exchange Commission Wednesday indicate that BlackRock Global Allocation Fund, INC and BlackRock Funds V are at least eyeing bitcoin. They both include “bitcoin” on their list of derivative products cleared for use.


Ledger Nano X - The secure hardware wallet

The filings appear to mark BlackRock’s entrance into the bitcoin market. Before Wednesday, the investments giant has never so much as mentioned “bitcoin” in any of its regulatory filings. But that appears to be changing: “Certain Funds may engage in futures contracts based on bitcoin,” the prospectus documents state.

This story will be updated

Source: CoinDesk.com

coinmag

Cryptocurrency news, blockchain news, markets news, cryptocurrency analysis, cryptocurrencies prices.