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What's New In Investments, Funds? - BlackRock

Editorial Staff, January 21, 2021


The latest offerings in investments, such as funds and structured products, and other notable developments.

BlackRock, the world’s largest investment firm, is reportedly adding bitcoin futures as an eligible investment to two funds, showing how the controversial cryptocurrency is going increasingly mainstream.

The firm, which held $8.677 trillion of assets as at the end of last year, said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund.

The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the US-listed group reportedly said in a filing to the Securities and Exchange Commission yesterday (source: Reuters, Fox Business, other). 

Chief executive Larry Fink 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.

Bitcoin hit a record high of more than $40,000, surging more than 900 per cent in recent days from its low point in March. 

Reuters said BlackRock declined to comment beyond the SEC filings

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