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@ Crypto Relay
2025-02-28 23:30:52
BlackRock Expands Bitcoin Presence
BlackRock, the world's largest asset manager, has taken a significant step into the cryptocurrency market by adding its Bitcoin fund to a selection of its model portfolios. This move marks a notable expansion of the company's involvement in the digital asset space. The Bitcoin fund in question is an Exchange-Traded Fund (ETF), designed to track the performance of Bitcoin, currently priced at $84064 USD per BTC.
The model portfolios that will include the Bitcoin ETF are part of BlackRock's Target Allocation with Alternatives series. This series is designed to provide investors with a diversified portfolio that includes a mix of traditional assets and alternative investments, such as cryptocurrencies. By adding the Bitcoin ETF to these portfolios, BlackRock is offering its clients a new way to gain exposure to the cryptocurrency market.
Key Points:
* BlackRock is adding its Bitcoin ETF to some of its model portfolios
* The model portfolios are part of the Target Allocation with Alternatives series
* The move marks an expansion of BlackRock's presence in the cryptocurrency market
* The Bitcoin ETF is designed to track the performance of Bitcoin, currently priced at $84064 USD per BTC
https://decrypt.co/308324/blackrock-bitcoin-fund-model-portfolios
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