BlackRock added a 1% to 2% allocation to IBIT in its target allocation portfolio that allows for alternative assets, according to James Seyffart, ETF analyst at Bloomberg Intellig

The iShares Bitcoin ETF (IBIT) has done well and broken records in the financial services industry as its assets surged to over $54 billion. This is a great performance since the popular SPDR Gold ETF (GLD),

BlackRock is now officially putting Bitcoin into its $150 billion model-portfolio. The company has decided to allocate 1% to 2% of these portfolios to IBIT,

BlackRock, the world's largest asset management firm, has reportedly incorporated its iShares spot Bitcoin exchange-traded fund (IBIT) into some of its model portfolios.

BlackRock, the world's largest asset manager, is including its Bitcoin ETF in a sliver of its Target Allocation with Alternatives portfolios.

BlackRock, the world’s largest asset manager, is incorporating Bitcoin into its $150 billion model-portfolio universe.

The addition sounds risky at a time of cratering bitcoin prices, but the asset management titan says advisor demand is strong.

BlackRock includes Bitcoin ETF in its model portfolios with 1%-2% allocation, highlighting its strategic focus on diversification.

Invesco (NYSE:IVZ), and Fidelity Investments have launched a wave of exchange-traded funds intended to bring to retail traders strategies once available only to financial elites. The three firms recently filed to start so-called managed futures ETFs,