Apr 1, 2021 05:01 GMTCrypto News
A recent filing from the SEC showed that BlackRock held 37 Bitcoin futures contracts in January.
The asset manager’s gains from the Bitcoin futures only represent 0.00142% of the total fund’s assets.
Rick Rieder, chief investment officer of BlackRock, believes that Bitcoin could take the place of gold.
A filing from the US Securities & Exchange Commission (SEC) revealed that the world’s largest asset manager has already invested in Bitcoin futures.
BlackRock’s gains from Bitcoin futures was only $360K
In January, BlackRock said that the firm would potentially invest in Bitcoin futures, according to the SEC filings.