Blackrock Inc. files prospectus for Bitcoin Investing through Derivatives and Futures

(Last Updated on January 20, 2021)

Blackrock SEC “Strategic Income Opportunities” filing 01.20.2021

Blackrock is the largest investment company in the world managing over $7.8 Trillion in assets.

Let that sink in..

The largest investment fund in the world just filed with the U.S. Securities & Exchange Commission for access to Bitcoin spot and futures investing.

Founded in 1988, this global conglomerate has offices in over 70 countries and clients in over 100 countries. They are considered a part of the “Big Three” in corporate America and they fully convicted on digital assets.

Institutions are front running the money printer by buying Bitcoin as an anti-inflationary hedge for the future U.S. Dollar.

And you’re still sitting on the sidelines..

Pretty mind blowing to see them jumping into BTC this early and little being spoken about it on the mainstream news..

“Blackrock Strategic Income Opportunities” prospectus specifically targets Bitcoin

Derivatives

Derivatives filing page II-13

“Each Fund may use instruments referred to as derivatives, which are financial instruments that derive their value from one or more securities, commodities (such as gold or oil), currencies (including bitcoin), interest rates, credit events or indices (a measure of value or rates, such as the S&P 500 Index or the prime lending rate). Derivatives may allow a Fund to increase or decrease the level of risk to which the Fund is exposed more quickly and efficiently than with other transactions. Certain Funds may use derivatives to maintain a portion of their long and short positions. Unless otherwise permitted, no Fund may use derivatives to gain exposure to an asset or asset class it is prohibited by its investment restrictions from purchasing directly. As described below, derivatives can be used for hedging or speculative purposes. Funds will engage in transaction-level payment netting, i.e., the payment obligations of derivatives contracts are netted against one another with the Fund receiving or paying, as the case may be, only the net amount of the two payment streams.”

Futures

Futures filing page II-16

Certain Funds may engage in futures contracts based on bitcoinBitcoin is a digital asset whose ownership and behavior are determined by participants in an online, peer-to-peer network that connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the bitcoin network, commonly referred to as the bitcoin protocol. The value of bitcoin, like the value of other cryptocurrencies, is not backed by any government, corporation, or other identified body. The further development of the bitcoin network, which is part of a new and rapidly changing industry, is subject to a variety of factors that are difficult to evaluate. The only bitcoin futures in which the Funds may invest are cash-settled bitcoin futures traded on commodity exchanges registered with the CFTC.”

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