Amid the growing institutional adoption of cryptocurrencies, it seems as though that Blackrock, the world’s largest asset manager, has now set its eyes on the rapidly expanding crypto space.
Back in January, Bloomberg reported that Blackrock was adding Bitcoin futures as eligible investments in two of its funds — the first time the firm had offered crypto exposure to its clients.
The asset manager cautiously dabbled in CME Bitcoin futures contracts, purchasing a small position worth approximately $6.5 million back in March. For a firm with $8.67 trillion in AUM, it was clearly a paltry sum. Still, it was a telling sign that industry giants were finally paying attention.
