: The funds were only allowed to trade cash-settled Bitcoin futures on CFTC-registered commodity exchanges, such as the Chicago Mercantile Exchange (CME) .
Since those early moves, BlackRock's involvement has evolved from "dabbling" in futures to dominating the spot market. iShares Bitcoin Trust ETF | IBIT - BlackRock BlackRock Gives 2 Funds Go-Ahead to Invest in B...
: The funds were strictly prohibited from holding physical Bitcoin at that stage. : The funds were only allowed to trade
At the time, this was a massive shift for the world's largest asset manager, which had previously been cautious about cryptocurrencies. Key Details from the 2021 Story BlackRock Gives 2 Funds Go-Ahead to Invest in B...