BlackRock Incorporates Bitcoin ETF into Model Portfolios
- BlackRock has included the iShares Bitcoin Trust ETF in its model portfolios, allocating 1%-2%.
- The firm views Bitcoin as a diversification tool within its broader portfolio strategy changes.
- Adjustments include reducing equity overweight positions and exposure to long-duration bonds.
- Michael Gates, lead portfolio manager, emphasized Bitcoin’s role as a diversification tool.
- BlackRock manages over $11 trillion in assets; IBIT attracted $37 billion in inflows since January 2024.
- Bitcoin is trading at $84,500 after a recent dip from $78,200 overnight.
BlackRock’s strategic inclusion of the iShares Bitcoin Trust ETF with a 1%-2% allocation reflects its commitment to diversification amid broader investment strategy adjustments. The firm continues to manage over $11 trillion in assets while navigating market fluctuations and economic concerns.
Source (2.6)https://cryptobriefing.com/blackrock-bitcoin-etf-allocation/?rand=59535
