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@ Crypto Relay
2025-03-01 16:34:40
Blackrock Incorporates Bitcoin ETF in Portfolio Strategy
Blackrock has added a bitcoin ETF to its model portfolios, signaling growing institutional confidence in bitcoin.
The allocation of 1% to 2% of its bitcoin ETF to its model portfolios is a significant move, despite recent market turbulence.
The bitcoin ETF, known as the iShares bitcoin trust ETF (IBIT), is now part of Blackrock's $150 billion model portfolio strategy.
This move is expected to strengthen institutional adoption of bitcoin.
Key Points:
* Blackrock has added a bitcoin ETF to its model portfolios
* The allocation is 1% to 2% of the total portfolio
* The model portfolio strategy is worth $150 billion
* The bitcoin ETF is known as the iShares bitcoin trust ETF (IBIT)
Details of the Portfolio:
* Total value: $150 billion
* Bitcoin ETF allocation: 1% to 2%
* Bitcoin ETF name: iShares bitcoin trust ETF (IBIT)
* Expected outcome: strengthened institutional adoption of bitcoin
https://news.bitcoin.com/blackrock-incorporates-bitcoin-etf-in-150-billion-portfolio-strategy/
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