Two BlackRock Associated Funds Will Invest in Bitcoin
Last Updated: 21 January 2021
The world’s largest asset manager, BlackRock, has allowed two of its biggest funds to engage in Bitcoin derivatives. The firm has over $8 trillion in assets under management.
SEC filing reveals details
The firm recently filed with the Securities and Exchange Commission (SEC). The prospectus documents show that BlackRock has added Bitcoin futures to derivatives products that two of its largest funds can invest in. Now, BlackRock Funds V and BlackRock Global Allocation Fund Inc. can invest in indices, interest rates, credit events, commodities, and currencies.
The asset manager wrote,
U.S.-Stock Funds Rose 19.1% in a Grueling 2020
The average is less than it was in 2019, but it could be seen as more impressive considering what the economy and markets had to overcome last year
Stock-fund investors are enjoying gains, but are also cautious. That’s why they have been sending billions of dollars to bond funds. Illustration: Giacomo Bagnara By William Power
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Powered by a 19.0% rally in the fourth quarter, the average diversified U.S.-stock fund rose 19.1% for the year, according to Refinitiv Lipper data. That wasn’t as strong as the average 28.3% gain in 2019, but it could be seen as more impressive considering what the economy and markets had to overcome last year.