BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 ...
In a recent filing with the US Securities and Exchange Commission (SEC), the BlackRock Global Allocation Fund disclosed its ownership of 43,000 shares of the asset manager’s Bitcoin ETF, iShares Bitcoin Trust, as of April 30. This announcement follows two previous filings by BlackRock on May 28, which disclosed the fund’s exposure to Bitcoin in its Strategic Global Bond Fund and Strategic Income Opportunities Portfolio. BlackRock Bitcoin ETF Investment Plan The investment giant’s move towards Bitcoin integration became evident in March when it submitted a filing to the....
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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,....
After signaling its intention to get exposed to bitcoin, Blackrock, the world’s largest asset manager, has now revealed its initial investments toward the crypto asset. According to the asset manager’s filing with the Securities and Exchange Commission (SEC) on March 31, Blackrock, through its Global Allocation Fund, held 37 bitcoin futures contracts worth $6.15 million. According to one report, the contracts, which expired on March 26, had already appreciated in value by some $360,458. Meanwhile, with this modest investment into bitcoin futures, Blackrock’s SEC filing....
A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” Gold Less Reliable Across Most Investment Horizons While Koesterich is still cognizant of gold’s status as a “reasonable store of value over the very long-term,” he does however opine that....
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....
The entry of the world’s largest asset manager into the realm of crypto finance could potentially signal the entry of other big-name players. On Jan. 20, BlackRock, the world’s largest asset manager with over $8.7 trillion assets under management, appeared to have given the green light to two of its associated funds, BlackRock Global Allocation Fund Inc. and BlackRock Funds, to invest in Bitcoin futures. In this regard, the prospectus documents filed with the United States Securities and Exchange Commission suggest that BlackRock is looking to dabble in Bitcoin (BTC), especially as the....