BlackRock, the world’s largest investment management company, has announced in its previous statements that they will gradually deal with Bitcoin trading. According to the latest documents reported to the SEC, Blackrock has seen a significant increase in the number of Bitcoin futures contracts after the first quarter of 2021.
Known for its positive stance towards Bitcoin, BlacRock also announced that they invested in BTC after saying that they “started to dare a little”.
In his statements, the company’s CIO Rick Rieder stated that he thinks that Bitcoin will rise significantly, in this context, the company invests in companies operating in this field as well as direct Bitcoin investment.
The Bitcoin investments of the BlackRock company, whose moves are closely followed due to being the largest asset manager in the world, provided a large profit to the company.
According to the latest documents submitted to the U.S. Securities and Exchange Commission, it has 54 Bitcoin futures contracts as of July.
A total profit of 369 thousand dollars was obtained from the contracts owned by the company, which expired on August 27 and were worth approximately 10.8 million.
With $9.5 trillion in assets under management, the company’s profits from Bitcoin futures contracts make up approximately 0.00138% of the BlackRock Global Allocations Fund.
The continuation of the company’s interest in Bitcoin is considered important in terms of keeping the interest of other companies warm.