BlackRock, a $150 billion asset manager that has a highly-successful Bitcoin ETF as part of their model portfolio, could mark a significant step in digital assets. According to a report, iShares Bitcoin Trust, a $11 trillion asset manager, may have a whole new market for its IBIT. Bloomberg report.
The report said that BlackRock would add between 1% and 2% to its portfolios for Bitcoin ETF. As part of a number of allocation adjustments, this could also drive demand and interest amid the current surge in cryptocurrency prices over the past six months.
BlackRock’s $150 billion portfolio now includes a Bitcoin ETF.
— Watcher.Guru (@WatcherGuru) February 28, 2025
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BlackRock Adds Bitcoin ETF To $150 Billion Portfolio as Demand Increases
The cryptocurrency market is growing at a rate that no one can comprehend. As the US restructures its crypto-policy, industry value is increasing. BlackRock’s approval of Spot Bitcoin Exchange Traded Funds was a major factor in the 2024 growth.
This opened a way for institutions to get exposure to BTC. Moreover, iShares Bitcoin Trust emerged as perhaps the most popular. greatest ETF launch in history. It could now be on track for further growth. BlackRock, for example, had included its Bitcoin ETF in its 150 billion dollar model portfolio.
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“We believe Bitcoin has long-term investment merit and can potentially provide unique and additive sources of diversification to portfolios,” Michael Gates is the BlackRock Target Allocation Portfolio Model’s head portfolio manager.
This move is made after the crypto market has been struggling for a few weeks. BTC has fallen to under $84,000 after reaching six figures for the very first time late in 2024. It is still a long way from the high of $110,000 it achieved in January. The move appears to be long-term. Bitcoin has a bright future.
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Source: watcher.guru
