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BlackRock Adds Its IBIT Bitcoin ETF To Alternative Asset Model Portfolio

BlackRock Adds Its IBIT Bitcoin ETF To Alternative Asset Model Portfolio
BlackRock, the world's largest asset manager, has added the iShares Bitcoin Trust (IBIT) to one of its model portfolios. The portfolio includes a 1% to 2% allocation to IBIT, allowing for exposure to alternative assets. BlackRock cited several reasons for the decision, including Bitcoin's potential as a store of value, hedge against the US dollar and political instability, and its role in the transition to digital goods and services. While this is a smaller portfolio, it marks the first time BlackRock has added Bitcoin to any of its models, a significant move considering the firm manages around $130 billion in assets.

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