BlackRock’s entry reflects a change in institutional outlook on crypto
On Jan. 20, BlackRock (NYSE:), 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 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 first ever cryptocurrency has been added to the company’s lists of derivative products cleared for use.
What does BlackRock’s entry mean for the market?
Is BlackRock late to the party?
Could an SEC-approved Bitcoin ETF be on the horizon?
Continue Reading on Coin Telegraph
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