Blackrock, the world’s largest asset management company, manages $7.81 trillion in assets and is entering the Bitcoin field. The company has applied to the U.S. Securities and Exchange Commission (SEC) for its two funds to invest in Bitcoin futures.
Blackstone enters Bitcoin
Blackstone filed two “other information statements” with the US Securities and Exchange Commission on Wednesday. One is for Blackstone Fund V, and the other is for companies that distribute funds to Blackstone Global. Both documents stated:
Certain funds may participate in bitcoin-based futures contracts.
The two documents further elaborated: “The only bitcoin futures that can be invested in are cash-settled bitcoin futures traded on a commodity exchange registered with the CFTC.”
These documents also warned: “Regulatory changes or actions may change the nature of investment in Bitcoin futures, or restrict the use of Bitcoin or the operation of the Bitcoin network or Bitcoin trading exchanges, thereby affecting the price of Bitcoin futures. Adverse effects. This may have an adverse effect on the fund.”
In December, Blackstone Group CEO Larry Fink made some bullish statements about Bitcoin.He said: “Can you? [bitcoin] Evolve into a global market? may. In addition, he pointed out: “Owning a digital currency makes the dollar less relevant. “
Blackstone has joined several other asset management companies that have invested in Bitcoin, including British fund managers Rufu and Tianqiao. In addition, Guggenheim plans to invest in the near future, pending SEC approval.
What do you think of Blackrock’s investment in Bitcoin futures? Let us know in the comments section below.
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