BlackRock to Allocate Up to 2% of Model Portfolio to Bitcoin ETF IBIT

BlackRock to Allocate Up to 2% of Model Portfolio to Bitcoin ETF IBIT

Bitcoin is being included into the model investment portfolios of BlackRock, the largest asset manager in the world with over $10 trillion in assets under management (AUM). BlackRock will contribute 1% to 2% of its iShares Bitcoin Trust ETF (IBIT) to its model portfolios that incorporate alternative assets, per a February 28 Bloomberg story. Financial advisors are the target market for these portfolios, which provide pre-structured investment...

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