
BlackRock has taken a significant step by incorporating the iShares Bitcoin Trust ETF (IBIT) into its model portfolios for financial advisors. This move is part of a broader strategy to offer diversified investment options while managing risk.
By allocating between 1% and 2% to IBIT, BlackRock aims to provide financial advisers with structured investment strategies that cater to their clients’ needs. The inclusion of Bitcoin in the model portfolios marks a notable shift in the firm’s approach towards cryptocurrency, despite its limited allocation.
Source: https://www.crypto-news.net/blackrock-adds-bitcoin-etf-to-model-portfolios-amid-market-fluctuations/