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1156: $10T ASSET MANAGER BLACKROCK MAKES BITCOIN ELIGIBLE INVESTMENT TO $15B FUND!!
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BlackRock, the world’s largest asset manager, is adding Bitcoin (the king crypto) as an eligible investment to its flagship Global Allocation Fund, which is one of the most preferred vehicles for ordinary and passive investors.
A company filing shows that the move enables BlackRock to allocate part of the fund’s $15 billion to cash-settled BTC futures traded on commodity exchanges registered with the CFTC.
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