After signaling its intention to get exposed to bitcoin, Blackrock, the world’s largest asset manager, has now revealed its initial investments toward the crypto asset. According to the asset manager’s filing with the Securities and Exchange Commission (SEC) on March 31, Blackrock, through its Global Allocation Fund, held 37 bitcoin futures contracts worth $6.15 million. According to one report , the contracts, which expired on March 26, had already appreciated in value by some $360,458. Meanwhile, with this modest investment into bitcoin futures, Blackrock’s SEC filing proves the leading asset manager has acted on its promise to invest in the crypto asset. The holdings, 37 contracts in total, were about 0.03% of the firm’s Global Allocation Fund. Earlier in the year, a Bitcoin.com News report quoted Blackrock CIO Rick Rieder suggesting that his organization had “started to dabble” in bitcoin. With this SEC filing, Blackrock has now officially confirmed its pivot towards the crypt
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