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BlackRock Has Begun Trading Bitcoin Futures
BlackRock held $6.5 million in CME bitcoin futures earlier this year with an appreciation of $360,000, new SEC filings show.
Investments giant BlackRock has indeed "started to dabble" in the bitcoin market, according to regulatory filings published Wednesday.
STORY CONTINUES BELOW
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A source familiar with the matter told CoinDesk the asset manager held $6.5 million in CME bitcoin futures contracts earlier this year. Those contracts had appreciated $360,457 on reporting day, according to documents reviewed by CoinDesk.
The holdings represented 0.03% of BlackRock’s massive Global Allocation Fund on reporting day Jan. 31 – “very small,” the source said. (The gains represent just 0.0014%.) BlackRock’s original 37 contracts expired on March 26.
Read more: BlackRock Gives 2 Funds Go-Ahead to Invest in Bitcoin Futures
BlackRock gave two of its funds the go-ahead to trade bitcoin futures in January.
BlackRock declined to comment beyond the filings.
UPDATE (March 31, 20:37 UTC): Adds fresh information about the total amount of bitcoin futures held by BlackRock.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
