Investments giant BlackRock has indeed “” in the market, according to regulatory published Wednesday.
A source familiar with the matter told CoinDesk the asset manager held $6.5 million in CME bitcoin futures contracts earlier this year. Those contracts had appreciated $360,457 on reporting day, according to documents reviewed by CoinDesk.
The holdings represented 0.03% of BlackRock’s massive Global Allocation Fund on reporting day Jan. 31 – “very small,” the source said. (The gains represent just 0.0014%.) BlackRock’s original 37 contracts expired on March 26.
BlackRock gave two of its funds the to trade bitcoin futures in January.
BlackRock declined to comment beyond the filings.
UPDATE (March 31, 20:37 UTC): Adds fresh information about the total amount of bitcoin futures held by BlackRock.
