BlackRock Could Be Embracing Bitcoin as an Inflation Hedge Ahead of Fresh Stimulus

From blockworks.co

This week BlackRock, the world’s largest asset manager, made regulatory filings showing it now includes bitcoin futures among the derivatives that can be traded in two of its funds. That development, however small, is a big win for the digital asset in terms of mainstream adoption. But while many will read it as a sign of BlackRock’s bullishness on bitcoin, some say it’s more pragmatic than that; that the company isn’t looking to buy bitcoin and hold it over a long period of time, but that it’s seeking to offset risks that it could have in the short term. BlackRock, which manages $7.8 trillion, is allowing ... (full story)