A source familiar with the matter told CoinDesk that the asset manager held CME Bitcoin futures contracts valued at $ 6.5 million earlier this year. These contracts were valued at $ 360,457 as of the reporting date, according to documents verified by CoinDesk.
Holdings represented 0.03% of BlackRock’s massive Global Allocation Fund as of January 31, reporting date – “very small,” the source said. (Profits are only 0.0014%.) BlackRock’s original 37 contracts expired on March 26th.
BlackRock kicked off Bitcoin futures trading for two of its funds in January.
BlackRock declined to comment beyond the filings.
UPDATE (March 31, 8:37 PM UTC): Adds new information about the total amount of Bitcoin futures held by BlackRock.