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@ Layer3.news
2025-02-28 22:33:15
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BLACKROCK ADDS ITS RECORD-BREAKING BITCOIN FUND TO MODEL PORTFOLIOS
https://cdn.decrypt.co/wp-content/uploads/2023/07/blackrock-shutterstock_2154802047-16x9-1-gID_7.jpg
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✍️ BlackRock, the world's largest asset manager, is adding iShares Bitcoin Trust (IBIT) to its model portfolio offerings, aiming to diversify its Target Allocation with Alternatives portfolios.
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👉 BlackRock is adding IBIT to its Target Allocation with Alternatives and Target Allocation with Alternatives Tax-Aware portfolios
👉 The move aims to diversify the portfolios and provide a core allocation of stocks and bonds plus liquid alternative investments
👉 IBIT is a Bitcoin-tracking ETF that debuted in January 2024 and has reached $60 million in assets under management
👉 The fund has shed over $1 billion in assets over the past seven trading days due to market downturn
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#LarryFink #SumitRoy #business
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