BlackRock says 1-2% a ‘reasonable’ Bitcoin portfolio allocation
The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.
Auto Added by WPeMatico
The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.
Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.
Blackrock’s IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager’s gold fund.
Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.
The CIO rebutted a more bearish take by investment researcher Jim Bianco, who noted that 85% of Bitcoin ETF uptake “is NOT from tradfi institutions.”
ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% […]
Bitcoin may have hit 17-month highs, but the ETF launch could end up a “sell the news event” and engender fresh BTC price downside, one […]
