Blackrock Bitcoin. However the executive. BlackRock the worlds largest asset manager had nearly 400 million invested in bitcoin mining companies at the end of the second quarter according.
A newly released BlackRock filing with the Securities and Exchange Commission SEC dated June 30 2021 has revealed that the firm has invested more than 382 million in the shares of Marathon Digital and Riot Blockchain making it the second-highest shareholder of both bitcoin mining companies according to a Forbes report on June 19 2021. Fink has long been interested in blockchain. Having competed ferociously over the past few years for the title of safe haven king Bitcoins addition to Blackrocks assets may see investors prefer the digital asset to.
BlackRocks new choice to participate in a bitcoin mining company is one of the latest significant trends for traditional financial institutions to want exposure in cryptocurrency by focusing on US-based miners.
BlackRock is the largest asset manager in the world with more than 78 trillion assets under management. BlackRock Inc is adding bitcoin futures as an eligible investment to two funds a company filing showed in a move to bring the world of cryptocurrency to its clients. The documents show that it will only be investing in cash-settled Bitcoin futures on exchanges registered with the CFTC. Blackrock the worlds largest asset manager with 781 trillion under management is getting into bitcoin.