News | 01.25.21
BlackRock Takes First Step into Crypto Exposure in Two Funds
BlackRock is adding Bitcoin futures as an eligible investment to two funds, the first time the money manager is offering clients exposure to cryptocurrency. The asset manager filed updated prospectuses for a pair of funds including cash-settled Bitcoin futures among assets they’re permitted to buy. The filings appeared on the SEC's website Wednesday. BlackRock CEO Larry Fink said in a 2018 interview that the firm’s clients weren’t interested in owning crypto. But more recently, executives have shown an increased openness to the asset.
Read the full article on Bloomberg.