BlackRock to add bitcoin as eligible investment to two funds

The world’s largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc.

The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday. Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing big giant moves every day and could possibly evolve into a global market.

Earlier this month, Bitcoin, the world’s most popular cryptocurrency, hit a record high of $40,000, rallying more than 900% from a low in March and having only just breached $20,000 in mid-December.Reporting by Radhika Anilkumar and Bhargav Acharya in Bengaluru; Editing by Arun Koyyur

Since the Fed stopped reporting the M3 measure in March of 2006, there is not a lot to say for not letting funds have positions in cryptocurrencies...

Buy the DIP, best price youre gonna get

AltcoinDailyio MMCrypto StackerSatoshi

Why BlackRock not think bitcoin a scam. A ponzi scheme.

I guess we can pretty much expect to hear about blackrock nonstop now. I’m not sure if that’s a good thing or a bad thing.

AyoImode now I align 100percent

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BlackRock has joined the bitcoin business - the world's largest asset manager has said two of its funds can now invest in the cryptocurrencyBlackRock has joined the bitcoin business — the world's largest asset manager has said two of its funds can now invest in the cryptocurrency AEgebjerg ha kybt? DOPEEEEE... Glad I invested in some shares .( Hope it continues with paying out dividends to shareholders) ParabolicGains
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