Blackrock Adds Spot Bitcoin Etf Ibit to Model Portfolios
BlackRock has added its spot bitcoin ETF IBIT to two of its model portfolios, allowing investors more opportunities to access cryptocurrency. The addition is part of the company's strategy to diversify portfolios with alternative assets. The move comes as spot bitcoin ETFs have seen record outflows amid a slump in the price of bitcoin.
- This expansion into the crypto market may signal a shift in BlackRock's approach to managing risk and generating returns, potentially leading to more innovation and competition in the space.
- How will the growing use of cryptocurrency by institutional investors impact the long-term stability and growth prospects of the broader digital asset market?