BlackRock Reveals Investments in Bitcoin Futures
iHodl.com
Main page News, Bitcoin, US Market, Institutional Investors

The world's largest investment manager, BlackRock, began trading bitcoin (EXANTE: Bitcoin) through the Chicago Mercantile Exchange (CME) regulated futures. According to the US Securities and Exchange Commission (SEC), BlackRock held 37 contracts with an expiration date of March 26.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The document also reflects the nominal value of these contracts in the amount of $6.1 million and an unrealized profit of $360,000. Thus, the value of the Global Allocation fund under the management of BlackRock in bitcoin futures amounted to only 0.03% of all assets, and the profit — 0.0014%. Since the reporting does not cover a later period, it remains unknown if BlackRock continues to hold the cryptocurrency futures.

BlackRock Aims at Bitcoin Futures

In February, BlackRock Chief Investment Officer, Rick Rieder, admitted that diversification with the help of digital currencies could make some sense as duration and interest rates did not work as a hedge.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close