The sizeable share-holdings were revealed in a filing submitted to the Securities Exchange Commission (SEC) on July 20.
This view clearly has merit as shown when we compare Bitcoin’s 280% growth during the past 12 bullish months, which pales in comparison to crypto mining stock profits, with Marathon’s stock surging 754% and Riot’s picking up a 848% gain.
Back in January, BlackRock filed an application with the SEC in an effort to allow two of its funds to purchase BTC futures. By July, it became clear that the SEC had approved the move as the firm’s Global Allocation Fund revealed that it had bought more than 35 BTC futures contracts from the Chicago Mercantile Exchange.
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As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
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