BlackRock , the world’s largest asset manager with $9 trillion in assets under management ( AUM ), has invested in Bitcoin mining companies Marathon Digital Holdings and Riot Blockchain , both located in the United States. According to a mandatory SEC filing dated June 30, BlackRock now holds 6.71% in Marathon Digital Holdings and 6.61% in Riot Blockchain . The news comes amid a boom for Bitcoin miners. Firms based outside China are reaping the benefits of the recent crackdown on mining there, and seeing profits to the tune of $44 million a day, according to data aggregator YCharts.
In the last two weeks, at least five money managers have filed to start bitcoin futures ETFs after Securities and Exchange Commission Chairman Gary Gensler said he’d be open to ETFs that include bitcoin futures rather than holding cryptocurrency directly if they follow the strict rules that mutual funds use. In fact, the first U.S. bitcoin futures mutual fund launched in July.
American rapper Busta Rhymes is looking to get paid in bitcoin . Rhymes made news when he first posted…
