Blackrock Give Two Funds Go-Ahead to Invest in Bitcoin Futures

January 20, 2021
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The world’s largest asset manager appears to be getting into the bitcoin game.

Jan 20, 2021 at 6:33 p.m. UTCUpdated Jan 20, 2021 at 6:40 p.m. UTC

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 include “bitcoin” on their list of derivative products cleared for use.

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

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

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