BlackRock Could Buy Bitcoin Futures, SEC Filings Say

2021-1-21 22:57

BlackRock plans to invest in Bitcoin futures, according to two new filings with the U.S. Securities and Exchange Commission.

Two Filings Submitted to SEC

Two filings (titled BlackRock Funds V and BlackRock Global Allocation Fund, Inc.) refer to the possibility that BlackRock will invest in Bitcoin futures contracts. Each filing says that certain BlackRock funds “may engage in futures contracts based on bitcoin.”

Each document also outlines the risks of Bitcoin, namely regulatory changes, price volatility, and illiquidity from low trading volumes.

The filings do not specifically concern Bitcoin; many other types of investments are also discussed including securities and commodities.

No Investment Yet

BlackRock initially expressed interest in cryptocurrency when it assembled a blockchain working group in 2015. Then, in 2018, the firm considered the possibility of a Bitcoin exchange-traded fund (ETF), something that has not yet been approved in the U.S.

The firm’s interest in cryptocurrency has developed gradually since then. Last November, the company’s Chief Investment Officer suggested that Bitcoin had the potential to replace gold.

If the plans outlined in this month’s SEC filings proceed, it will be the firm’s first Bitcoin-related investment. That said, it is not yet clear that BlackRock’s suggested plans will be approved or acted on.

BlackRock is the world’s largest asset management company. It currently has more than $7.8 trillion assets under management.

At the time of writing this author held less than $50 of Bitcoin, Ethereum, and altcoins.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Burency (BUY) íà Currencies.ru

$ 0.0014858 (+0.46%)
Îáúåì 24H $2.194k
Èçìåíåèÿ 24h: 1.72 %, 7d: -4.14 %
Cåãîäíÿ L: $0.0014858 - H: $0.0014869
Êàïèòàëèçàöèÿ $288.067k Rank 2051
Öåíà â ÷àñ íîâîñòè $ 0.0850086 (-98.25%)

sec filings say futures bitcoin could buy

Èñòî÷íèê: cryptobriefing.com

sec filings → Ðåçóëüòàòîâ: 40


Ôîòî:

The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

2018-8-8 17:15


VanEck Lobbies SEC over Bitcoin ETF, Commission Delays Direxion Bitcoin ETF Decision

VanEck has written to the United States Securities and Exchange Commission (SEC) in new efforts to convince the regulator to approve Bitcoin exchange-traded funds (ETF). At this point, the Commission has remained unwilling to approve any cryptocurrency ETF filings, citing reasons relating to liquidity, volatility, and pricing among other issues in the crypto market. Bitcoin […]

2018-7-25 13:17


Ôîòî:

Bitwise Files With SEC for Cryptocurrency ETF

Bitwise Asset Management is the latest venture to apply for a cryptocurrency exchange-traded fund (ETF). Called the Bitwise HOLD 10 Cryptocurrency Index Fund, the ETF will track the returns of the company’s HOLD 10 Index, a “market-cap-weighted index of the 10 largest cryptocurrencies” that captures roughly 80 percent of the total cryptocurrency market capitalization.

2018-7-25 02:18


VanEck Lobbies SEC over Bitcoin ETF, Commission Delays Direxion Bitcoin ETF Decision

VanEck has written to the United States Securities and Exchange Commission (SEC) in new efforts to convince the regulator to approve Bitcoin exchange-traded funds (ETF). At this point, the Commission has remained unwilling to approve any cryptocurrency ETF filings, citing reasons relating to liquidity, volatility, and pricing among other issues in the crypto market.

2018-7-25 01:02


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

How Client Feedback Helped Shape PrimeXBT’s New Revamp

The most successful companies listen closely to their clients. They aim to deeply understand their unique set of needs and how best to serve them. As an award-winning Cryptocurrency broker, PrimeXBT has gone live with fresh, new branding, alongside a series of product improvements.