BlackRock Adds Bitcoin ETF to $150B Model-Portfolio Universe
In what could be a massive step for the digital asset sector as a whole, BlackRock has added its highly successful Bitcoin ETF to its $150 billion model-portfolio universe. Indeed, the $11 trillion asset managers iShares Bitcoin Trust (IBIT) may be opened up to a new avenue for increased demand, according to a Bloomberg report. BlackRock will add a 1% to 2% allocation to the Bitcoin ETF in its target allocation portfolios, the report added. Moreover, as part of several allocation adjustments, it could drive interest and demand amid the ongoing surge in cryptocurrencies that have taken place over the last six months. JUST IN: BlackRock adds its own Bitcoin ETF into its $150 billion model-portfolio universe. — Watcher.Guru (@WatcherGuru) February 28, 2025 Also Read: BlackRock: Crypto has “Outpaced” Growth of Mobile Phones and Internet BlackRock adds Bitcoin ETF to $150 Billion Model-Portfolio as Increased Demand Could Follow There is no understanding of how much the cryptocurr...