BlackRock toying with Bitcoin investments

in #bitcoin3 years ago

BlackRock toying with Bitcoin investments; Phase 1 at Ethereum 2.0; Ex-Ripple advisory board could become OCC boss; TenX deactivates accounts and Visa cards, and Deutsche Bank survey sees bubble potential in Bitcoin and US tech stocks.
The world's largest asset manager may get into the crypto business twice. That emerges from two filings the financial giant filed with the Securities and Exchange Commission (SEC). 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. BlackRock will also point out potential risks in the forms submitted. Among other things, this refers to the volatility of the crypto currency, any regulatory measures and the difficulties in determining the price of digital gold. BlackRock also plans to trade Bitcoin Futures exclusively on exchanges that are subject to the supervision of the Commodities and Futures Trading Commission (CFTC). The BlackRock was already flirting with the crypto currency in December.

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