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As it stands, two funds associated with BlackRock have permission to invest in crypto futures according to documentation brought forth by the Securities and Exchange Commission (SEC).

At the time of writing, BlackRock currently manages more than $8.5 trillion in overall assets, which means that the amount allocated in bitcoin futures is quite small, though the fact that the company is now taking steps towards crypto investments says a lot about how much the currency’s status has changed.

One of the reasons for this new attitude surrounding bitcoin is the idea that USD and other forms of fiat have been straddled with heavy rates of inflation over the past 12 months given how far the virus has spread.

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