BlackRock Adds $48 Billion iShares Bitcoin Trust ETF to Model Portfolio with 1-2% Allocation

BlackRock Inc., the world's largest asset manager, has included its iShares Bitcoin Trust ETF (IBIT) in its model portfolio for the first time. The inclusion involves a 1% to 2% allocation of the $48 billion IBIT within BlackRock's $150 billion model-portfolio universe, according to Bloomberg. This is the first-ever Bitcoin inclusion in BlackRock's model portfolio, with the allocation being described as tiny within an alternatives bucket.

This strategic decision is seen as a signal to other model portfolio providers managing over $5 trillion, potentially influencing broader acceptance of Bitcoin in investment portfolios. BlackRock's Michael Gates stated, 'We believe Bitcoin has long-term investment merit and can potentially provide unique and additive sources of diversification to portfolios.'

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