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BlackRock Adds Bitcoin ETF to $150B Model Portfolios for the First Time – Bloomberg
Institutional confidence takes shape as the asset giant integrates a modest Bitcoin exposure into its diversified strategies, hinting at a cautious yet evolving approach to digital assets.
BlackRock Inc., the world’s largest asset manager, is incorporating Bitcoin into its model portfolios for the first time. It will allocate between 1% and 2% to the iShares Bitcoin Trust ETF (IBIT).
The move brings the cryptocurrency into BlackRock’s $150 billion model-portfolio universe, which could create new demand for IBIT when interest in crypto markets is cooling.