Black Rock is the world’s largest asset manager with $7,8 trillion AUM and after Fidelity Investments may soon get exposure to Bitcoin futures, according to its Form 497 that was filed with U.S SEC today.
Documents filed with the U.S. Securities and Exchange Commission indicate that BlackRock Global Allocation Fund Inc. and BlackRock Funds V are at least interested in Bitcoin. They both include “bitcoin” on their list of derivative products.
Black Rock is the second one after Fidelity which also asked the authorities and this proves the continuous institutional interest growing as we have also described in our last article.
We are expecting that also the other big investment players like Franklin Templeton will put some of their funds into the Bitcoin exposure. Mark Mobius, the world’s famous portfolio manager has expressed their interest despite its volatility.
BlackRock did not mention which commodity exchange it will choose to execute bitcoin futures buys. However, the funds may only invest in cash-settled bitcoin futures and the CME is the only exchange registered with the Commodity Futures Trading Commission (CFTC) that offers cash-settled bitcoin futures at this time.