Thriller Insights - S4EP15: BlackRock Enters The Bitcoin Market

  
0:00
-31:18

News reported from Danny Nelson via CoinDesk

A dipping of toes…

BlackRock, the world’s largest asset manager with $7.81 trillion under management, appears to have granted at least two of its funds the ability to invest in bitcoin futures.

Prospectus documents filed with the U.S. Securities and Exchange Commission Wednesday indicate that BlackRock Global Allocation Fund Inc. and BlackRock Funds V are at least eyeing bitcoin. They both include the world’s oldest cryptocurrency on their lists of derivative products cleared for use.

BlackRock did not state which commodity exchange it will choose to execute these crypto futures buys. However, the funds may only invest in cash-settled bitcoin futures. CME is the only exchange registered with the Commodity Futures Trading Commission (CFTC) that offers similar futures products at this time. The filings warn that investments in these futures could carry illiquidity risks due to the “relatively new” market. Regulatory changes, volatility and valuation risks could similarly weigh on the price and thus “adversely impact a Fund.”

The filings appear to mark BlackRock’s entrance into the bitcoin market.

Before Wednesday, the investments giant has never so much as mentioned “bitcoin” in any of its regulatory filings. But that appears to be changing: “Certain Funds may engage in futures contracts based on bitcoin,” the prospectus documents state.

Bitcoin 28K incoming?

Bitcoin Charts by TradingShot via TradingView

Bearish and Bullish all at once…what is going on?


Subscribe via iTunes or Substack. Also follow on Twitter and Medium.

"If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts and leave us a quick rating or even a review?

Please leave a Review. Just go to ThrillerRating.com and that should open up Apple Podcasts.

Podcast reviews are pretty darn important and the more reviews we receive, the more likely we'll be able to get Thriller Premium in front of more people.

I am very appreciative for each one of you and would be extremely grateful if you left a 5 star review showing support. I read pretty much all the reviews that you guys leave over there. Thank You."

🔊 For Podcast ⚡ Lightning ⚡ Listeners

You can now use an app and support streaming sats to Thriller Premium.

  • Mobile: Breez is an excellent non-custodial Lightning wallet

  • Mobile + Desktop: Sphinx Chat also supports streaming to podcasts

  • Desktop/Browser: podStation browser extension

  • Mobile + Desktop: PodFriend as app and on web

  • Mobile + Desktop: CurioCaster as a progressive web app

More information is available at https://satoshis.stream