: BlackRock's CIO of Fixed Income, Rick Rieder, noted that Bitcoin was "here to stay" and could potentially replace gold as a store of value. Where is BlackRock Now? (Current Status)
: The funds were strictly prohibited from holding physical Bitcoin at that stage. BlackRock Gives 2 Funds Go-Ahead to Invest in B...
: The funds were only allowed to trade cash-settled Bitcoin futures on CFTC-registered commodity exchanges, such as the Chicago Mercantile Exchange (CME) . : BlackRock's CIO of Fixed Income, Rick Rieder,
At the time, this was a massive shift for the world's largest asset manager, which had previously been cautious about cryptocurrencies. Key Details from the 2021 Story : The funds were only allowed to trade
Since those early moves, BlackRock's involvement has evolved from "dabbling" in futures to dominating the spot market. iShares Bitcoin Trust ETF | IBIT - BlackRock
The "interesting story" you're referring to dates back to , when BlackRock first authorized two of its major funds—the BlackRock Global Allocation Fund and the BlackRock Strategic Income Opportunities Portfolio —to invest in cash-settled Bitcoin futures.
