BlackRock starts to add $BTC to their own Global Allocation Fund for passive investors
Its estimated that only 0.32% of their investment fund is enough to buy all #Bitcoin kept on exchanges
Its futures, not buying btc
“BlackRock is the world’s largest asset manager, with US$10 trillion in assets under management as of January 2022”
Btc on all CEXs 1,856,625.8 thats around $31.1b
0.32% of 10T is 0.32
It’s more cash settled futures. “The Fund may invest in cash-settled bitcoin futures that are traded on commodity exchanges registered with the Commodity Futures Trading Commission.”