BlackRock SEC filings show company gained $369K from Bitcoin futures

BlackRock SEC filings show company gained $369K from Bitcoin futures

Larry Fink, chief executive officer of BlackRock, said in July that the company was seeing "very little in terms of investor demand" for cryptocurrencies. A filing from the U.S. Securities and Exchange Commission, or SEC, shows BlackRock Financial Management has increased the number of its Bitcoin futures contracts since Q1 2021.According to a Sept. 28 filing with the SEC, the BlackRock Global Allocation Fund included 54 Bitcoin (BTC) futures contracts issued through the Chicago Mercantile Exchange as of July 31. The contracts, which expired on Aug. 27, were worth $10.8 million,....


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BlackRock SEC filings show $360K gained from Bitcoin futures

The filing from the regulatory body comes after BlackRock chief investment officer Rick Rieder said the firm had “started to dabble” in crypto. A filing from the U.S. Securities and Exchange Commission shows BlackRock Financial Management’s Bitcoin futures contracts have appreciated significantly this year.According to BlackRock’s monthly portfolio investments report released by the SEC today, the firm held 37 Bitcoin futures contracts issued through the Chicago Mercantile Exchange which expired on March 26. The contracts appreciated by $360,457. The gains from the Bitcoin (BTC) futures....

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BlackRock is trading Bitcoin futures, how much BTC is held by institutions?

Per a Coindesk report and a regulatory filing with the Securities and Exchange Commission (SEC), investment firm BlackRock has begun trading in Bitcoin futures.  BlackRock has reportedly allocated a small part of its portfolio in BTC on the Chicago Mercantile Exchange financial derivatives platform. With $8.6 trillion in assets under management (AUM), BlackRock is one […]