BlackRock Recommends 2% Bitcoin Allocation

Altcoinbuzz2024/12/13 21:22

By: By Victor -Victor -

BlackRock, the world’s largest asset manager, thinks it’s time to give Bitcoin a small spot in your investment portfolio

In a recent report , the financial giant recommended that investors put up to 2% of their multi-asset portfolios into Bitcoin.

With $11.5 trillion in assets under management, BlackRock carries a lot of weight in the financial world. Recently, they’ve also become the issuer of the largest spot Bitcoin ETF. This exchange-traded fund, called IBIT , manages more than $50 billion in assets, showing that even the big players are warming up to cryptocurrency.

Why Bitcoin?

BlackRock’s report highlighted that Bitcoin is gaining ground as an investment option, especially for people looking to diversify their portfolios. Diversifying, or spreading your money across different kinds of investments, is a common way to lower risk. BlackRock said allocating between 1% and 2% of a portfolio to Bitcoin is a “reasonable range.”

So, what does this mean for regular investors? If you’ve got a portfolio with a mix of stocks, bonds, and other assets, adding a small slice of Bitcoin could give your investments a little more variety.

New report from BlackRock today that recommends 1-2% exposure to Bitcoin ETF, first time they gave specific number (they put this out bc they had so much incoming on this q of how much?). pic.twitter.com/X7iF06xXFa

— Eric Balchunas (@EricBalchunas) December 12, 2024

BlackRock’s move is part of a larger trend among big financial institutions. As more companies launch Bitcoin-related investment products, the cryptocurrency is becoming easier for everyday people to include in their portfolios.

More About Blackrock’s Bitcoin ETFs

Bitcoin ETFs are seeing a flood of new investments, with a total net inflow of $598 million recorded on December 12. Impressively, these funds have experienced net inflows for 11 consecutive days, signaling growing interest in Bitcoin among investors.

📌 Bitcoin spot ETF had a total net inflow of $598 million on December 12, and continued to have net inflow for 11 consecutive days. BlackRock ETF IBIT had a single-day net inflow of $432 million. The current total net asset value of Bitcoin spot ETF is $112.546 billion. pic.twitter.com/DJ8WlDkEDI

— Traders Paradise (@theparadiselive) December 13, 2024

BlackRock’s IBIT ETF led the charge with a single-day net inflow of $432 million, showcasing its popularity in the market. As of now, the total net asset value of BTC spot ETFs has reached an impressive $112.546 billion, highlighting the cryptocurrency’s increasing role in mainstream finance.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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