BlackRock, one of the world's largest asset management companies, has announced an investment in Bitcoin (BTC)!

BlackRock, one of the world's largest asset management companies, has announced an investment in Bitcoin (BTC)!



BlackRock, one of the world's largest asset management companies, announced its first investment in Bitcoin (BTC).


BlackRock has a $ 360k Bitcoin position on the derivatives exchange CME, according to the document released by the SEC. It is unclear whether the company holds a futures contract.


Actually, it's no surprise that BlackRock is doing this. Last month, Rick Reider, one of the company's executives, said that BlackRock was conducting research for Bitcoin. The company also began a search for an expert to evaluate cryptocurrencies in December 2002 and published an ad for it.


Although a $ 360k bitcoin investment is a very small amount for a company like BlackRock, this can be important in terms of Bitcoin adoption. It is also necessary to emphasize that the company has $ 8 trillion in assets under management.

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