Coinspeaker
Feb 28, 2025
12 0

BlackRock Adds iShares Bitcoin Trust to Model Portfolios

1 min

BlackRock has increased its crypto exposure by incorporating its iShares Bitcoin Trust (IBIT) into model portfolios that allow alternative investments. Key points include:

  • BlackRock manages $11.5 trillion in assets and allocated 1% to 2% of IBIT in its Target Allocation model portfolios.
  • IBIT was approved by the SEC in January 2024 and has attracted interest from institutional investors.
  • As of February 21, IBIT holds over 50% of the Bitcoin ETF market, valued at approximately $56.8 billion.
  • The fund competes with Grayscale's GBTC, with IBIT outperforming other Bitcoin ETFs.
  • Despite heavy outflows in the crypto ETF market, BlackRock's inclusion of IBIT responds to advisor demand for exposure.

Currently, Bitcoin ETFs have seen a loss of $3.2 billion in eight days, with significant single-day outflows recorded, including $418 million from IBIT on Wednesday.