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BlackRock Could Buy Bitcoin Futures Through Certain Funds
Summary: BlackRock, an asset management giant, could buy Bitcoin futures through certain funds, according to two filings submitted to the Securities and Exchange Commission (SEC). The documents, BlackRock Funds V and BlackRock Global Allocation Fund, Inc., mentioned: "Certain Funds may engage in futures contracts based on Bitcoin." Potential risks are also outlined: "A Fund’s investment in Bitcoin futures ...
BlackRock, an asset management giant, could buy Bitcoin futures through certain funds, according to two filings submitted to the Securities and Exchange Commission (SEC).
The documents, BlackRock Funds V and BlackRock Global Allocation Fund, Inc., mentioned: "Certain Funds may engage in futures contracts based on Bitcoin."
Potential risks are also outlined: "A Fund’s investment in Bitcoin futures may involve illiquidity risk, as Bitcoin futures are not as heavily traded as other futures given that the Bitcoin futures market is relatively new."
BlackRock is entering to blockchain space, the information from the official website shows that the firm is seeking Vice President, Blockchain Lead in New York, NY.
By Mary Liu
Tags: Bitcoin,Bitcoin Futures,Blackrock,Blockchain,SEC
Link: BlackRock Could Buy Bitcoin Futures Through Certain Funds [Copy]
