BlackRock Adjusts Model Portfolios, Now Includes Bitcoin ETF

TL;DR BlackRock has included the Bitcoin ETF (IBIT) in its model portfolios, with an allocation of 1% to 2%, marking a milestone for the institutional adoption of cryptocurrencies. This move could attract significant demand towards IBIT, as financial advisors typically follow these predefined strategies to manage client funds. Despite Bitcoin’s volatility, BlackRock believes its inclusion ...... source: https://crypto-economy.com/blackrock-adjusts-model-portfolios-now-includes-bitcoin-etf/