The world’s largest asset manager has been trading Bitcoin futures since January — and has already cashed in.
You fall like flies. More and more world-class asset managers are experimenting with digital gold. As the latest report to the US Securities and Exchange Commission (SEC) shows, BlackRock is now also peeking into the Bitcoin market. Accordingly, the world’s largest asset manager has been investing in Bitcoin futures of the CME brand since January of this year.
According to SEC Filing, BlackRock still assigns the Bitcoin market a subordinate role. BlackRock is said to have traded only 37 CME futures contracts since the beginning of 2021. This is nothing more than a gimmick for an investment firm that has a whopping $ 8.68 trillion on its knees. According to the SEC report, Blackrock is at least $ 360,457 in the black — so the asset manager could have gotten the taste.
BlackRock’s increased focus on crypto space has been evident for some time. The company had already filed an application with the SEC in January of this year in which it held out the prospect of possible Bitcoin investments .
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