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BlackRock bought Bitcoin futures in January, suggesting BTC could replace gold


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.  ....

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BlackRock Reveals $360K Gains Through BTC Futures


BlackRock Reveals $360K Gains Through BTC Futures
Last Updated: 01 April 2021
BlackRock Financial Management has recently revealed, by way of filings from the US Securities and Exchange Commission (SEC), that the Bitcoin Futures contracts it offers have seen significant amounts of appreciation this year.
Gaining 0.00142% Profit Overall
The SEC released today the monthly portfolio investments report for Blackrock, which showed that it held a total of 37 Bitcoin Futures contracts. These contracts were issued by way of the Chicago Mercantile Exchange, and had expired on the 26th of March, 2021. As one would imagine, this caused a significant appreciation in the contracts, going up by $360,457. ....

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Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list


Future group revs up joint ventures as tussle with Amazon drags on
The Future group is re-energising its joint ventures (JVs) with dairy major Fonterra and American food firm Hain Celestial as it prepares for life after a tough 2020. The Kishore Biyani-led group’s debt had spiralled out of control last year, forcing it to get into a nearly Rs 25,000-crore transaction with Reliance Retail. The deal, which includes sale of the retail, wholesale, and logistics assets of the Future group, has since been challenged by Amazon.Read more
NITI Aayog submits first list of about 12 PSUs for privatisation
The government has kicked off its privatisation drive, with the NITI Aayog, a body headed by the prime minister, submitting its first list of about 12 public sector undertakings (PSUs) to be privatised. The organisation has submitted the list comprising PSUs in strategic sectors, which will be considered by the Department of Investment and Public Asset Management (DIPAM), a ....

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