BlackRock includes Bitcoin ETF in $150B model portfolio, anticipates growth

From Cointelegraph
February 28, 2025 01:02 PM:

BlackRock adds Bitcoin ETF to model portfolios, allowing for 1%–2% allocation due to BTC volatility. The firm’s $150-billion model portfolio product offers various investment portfolios sold to financial advisers. BlackRock predicts model portfolio sector to grow to $10 trillion by 2028. Other financial firms weigh in on Bitcoin’s allocation in traditional portfolios.

Bitcoin’s volatility displayed as BlackRock’s BTC ETF sees outflows amid market uncertainty. On Feb. 28, Bitcoin hit a high of $85,122 and a low of $78,215. BlackRock’s Bitcoin ETF experienced $420 million in outflows on Feb. 26. Despite this, BlackRock believes Bitcoin offers long-term investment merit and diversification. Crypto Fear & Greed Index shows “extreme fear” in sentiment levels.

Read more at Cointelegraph: BlackRock adds BTC ETF to $150B model portfolio product