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SEC Filings Show BlackRock Funds May Be Involved in Bitcoin Futures

By WebsCryptoSeptember 28, 20221 Min Read
SEC Filings Show BlackRock Funds May Be Involved in Bitcoin Futures
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Two filings by BlackRock with the U.S. Securities and Exchange Commission (SEC) suggest the company may be planning to foray into Bitcoin.

The asset manager, which had $7.43 trillion in assets under management at the end of 2019, filed two Statements of Additional Information (SAI) on Wednesday for BlackRock Fund V and BlackRock Global Allocation Fund.

The document indicates that the asset manager is looking to enter the Bitcoin futures market, as it states that certain funds may engage in Bitcoin-based futures contracts. The only futures BlackRock intends to invest in are cash-settled Bitcoin futures traded on CFTC-registered commodity exchanges.

However, the company said in the filing that regulatory changes or actions could alter the nature of Bitcoin futures investments or limit the use of Bitcoin or the operation of the Bitcoin network.

Related:  Sri Lanka Rejects Proposal to Adopt Bitcoin as Legal Tender

While the filings do not confirm that BlackRock entities will buy bitcoin futures, these types of filings often precede the risk of entering the space and at least help pave the way for BlackRock’s funds to increase their exposure in the future .

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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