Specifically, it concerns the two funds “BlackRock Global Allocation Fund” and “BlackRock Funds V”. BlackRock has filed a supplement to the respective securities prospectus for both of them with the US Securities and Exchange Commission. It can be seen from the applications that investments in Bitcoin futures will also be reserved in the future.
Each Fund may use instruments known as derivatives. These are financial instruments that derive their value from one or more securities, commodities (such as gold or oil), currencies (including Bitcoin) […]
BlackRocks Statement of Additional Information (SAI) for the Global Allocation Fund. Source: SEC Archives
BlackRock also points out the risks, including the volatility of the crypto market, possible regulatory measures and the difficulty of determining the price of Bitcoin, the value of which is not covered by a government or a company. BlackRock also plans to trade Bitcoin Futures exclusively on exchanges that are subject to the supervision of the Commodities and Futures Trading Commission (CFTC). So far, only the Chicago Mercantile Exchange (CME) has come into question.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise