In what could be a massive step for the digital asset sector as a whole, Blackrock has added its very successful Bitcoin ETF to its $ 150 billion model portfolio universe. In fact, $ 11 trillion asset managers Ishare’s Bitcoin Trust (Ibit) can be opened for a new path for increased demand, according to one Bloomberg Report.
Blackrock will add an allocation of 1% to 2% to Bitcoin ETF in its target allocation portfolios, the report added. In addition, as part of several allocation adjustments, it can drive interest and demand in the middle of the ongoing increase in Cryptocurrencies that has taken place over the past six months.
Just in: Blackrock adds its own Bitcoin ETF to its model portfolio universities of $ 150 billion.
– watcher.guru (@watcherguru) February 28, 2025
Blackrock adds Bitcoin ETF to $ 150 billion model portfolio as increased demand may follow
There is no understanding of how much the Cryptocurrency market has grown since the end of 2024. With the US review of its cryptop policy, the industry has seen increased value. In addition, a large part of its increase in 2024 was driven by Blackrock and the approval of Tot Bitcoin ETFs.
It opened a new way for institutional investors to get BTC exposure. In addition, it was Ishare’s Bitcoin Trust that emerged as perhaps Largest ETF launch In history. Now it can be made for continued growth. Specifically, Blackrock had added its Bitcoin ETF to its model portfolio of $ 150 billion for the first time.
Also read: Blackrock launches Spot Bitcoin ETF at CBOE Canada
The move comes when the leading crypto has had a few weeks. After reaching a six -digit price for the first time at the end of 2024, BTC is traded for less than $ 84,000 now. It is far from the high $ 110,000 as it reached in January. But the movement seems to be a long -term game. It does not deny that the prospects for Bitcoin continued growth looks strong.
