The world’s largest investment manager, BlackRock, began trading bitcoin through the Chicago Mercantile Exchange (CME) regulated futures. This is evidenced by the reports published on Wednesday for the US Securities and Exchange Commission (SEC).
According to the document, BlackRock held 37 contracts with an expiration date of March 26th. The reporting also reflects the nominal value of these contracts at $ 6.1 million and the unrealized profit of $ 360,000. Thus, the value of the Global Allocation fund managed by BlackRock in bitcoin futures was only 0.03% of all assets, and the profit was 0. 0014%. Since the reporting does not cover a later period, it is impossible to establish whether BlackRock continues to hold Bitcoin futures.
In January, BlackRock revealed that two of its funds could potentially enter the cryptocurrency market using CME bitcoin futures. In February, BlackRock investment director Rick Reader announced that they were “doing a little bit” of cryptocurrencies, but declined to go into details.
“I feel that the technology and regulation has evolved to the point where many are starting to see it as part of the portfolio, and this is pushing the price up,” he said then of Bitcoin.