ETFs & Mutual Funds
BlackRock Adds Its Bitcoin ETF to Model Portfolio for First Time
- Doing so opens up a potential avenue of new demand for IBIT
- It was one of BlackRock’s several allocation adjustments
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The world’s biggest asset manager is finally allowing Bitcoin into its $150 billion model-portfolio universe.
BlackRock Inc. is adding a 1% to 2% allocation to the $48 billion iShares Bitcoin Trust ETF (ticker IBIT) in its target allocation portfolios that allow for alternatives, according to an investment outlook viewed by Bloomberg.