Bitcoin Fund Joins BlackRock Portfolios

BlackRock Enhances Model Portfolios with Bitcoin Fund Addition

• BlackRock adds a 1% to 2% IBIT share to its Target Allocation with Alternatives portfolios.
• The IBIT fund debuted in January 2024 and reached $60 million AUM faster than any other ETF in history.
• IBIT has shed over $1 billion in assets during the past seven trading days due to market unrest.
• The fund still holds about three times the assets under management compared to its largest rivals.
• Spot Bitcoin funds collectively hold approximately $90 billion in AUM, despite recent losses of over $2.4 billion.

BlackRock’s integration of IBIT into its model portfolios marks a significant step as the fund, launched in January 2024, quickly achieved $60 million AUM and remains a strong contender despite recent asset declines.