• From BlackRock CIO Rick Rieder's lips to the SEC's ears (Photo: Twitter)
    Bitcoin

    $8.7T BlackRock jumps into bitcoin as JPMorgan analysts say beware

    BlackRock, the world’s largest asset manager, opened up to using bitcoin futures as a hedge a day before JPMorgan analysts called BTC ‘the least reliable hedge’

    January 23, 2021 /

    BlackRock revealed in Jan. 20 filings with the U.S. Securities and Exchange Commission (SEC) that its BlackRock Funds V and BlackRock Global Allocation Fund have added bitcoin futures to their eligible investments, both for speculation and hedging.

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