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,