Two filings with the Securities and Exchange Commission (SEC) suggest that BlackRock, the trillion-dollar asset management giant, may make allocations to Bitcoin futures through some of its funds.
The two records for BlackRock Funds V and BlackRock Global Allocation Fund, Inc. contain the same language that refers to bitcoin futures. They both say: "Certain funds may be involved in bitcoin-based futures contracts."
The documents, dated January 20, describe the potential risks of such activities, noting :.
"A Fund's investment in bitcoin futures may involve illiquidity risk, as bitcoin futures are not traded as much as other futures, since the bitcoin futures market is relatively new."
BlackRock added that "the only bitcoin futures that funds can invest in are cash settled ones that are traded on CFTC-registered commodity exchanges."
The documents themselves do not definitively say that BlackRock funds are about to buy bitcoin. But these records are known to predate these kinds of moves, indicating that BlackRock is at least laying down the regulatory trails to make allocations, if it so chooses.
Last month, BlackRock CEO Larry Fink noted during a panel presentation that bitcoin is gaining legitimacy as an asset class, but cautioned that "we have to go through a lot of markets to see if it will be real permanently."
BlackRock is also looking to hire a blockchain leader.