BlackRock Announces Its Investment in Bitcoin (BTC)!

#BlackRock, one of the largest asset management companies in the world, announced that it has made a #Bitcoin (BTC) investment for the first time.

BlackRock has a $ 360,000 Bitcoin position on the derivatives exchange #CME, according to the document published by the #SEC. It is not clear whether the company holds a futures contract or not.

According to filings published today, asset manager BlackRock held $ 360,457 in CME #bitcoin futures contracts earlier this year https://t.co/mB0t7U7dJw pic.twitter.com/RU689OFGq5

• Bloqport (@Bloqport) March 31, 2021
  Actually, it is not a surprise that BlackRock is like this. Because last month, Rick Reider, one of the directors of the company, stated that BlackRock was researching for Bitcoin. The company also started looking for an expert to evaluate cryptocurrencies in December 2002 and published an ad for it.

While the $ 360k Bitcoin investment is a very small amount for a company like BlackRock, this could be significant in terms of Bitcoin adoption. It should also be emphasized that the company has 8 trillion dollars in assets in its management.