BlackRock Inc. (BLK) has added the iShares Bitcoin Trust (IBIT), its spot bitcoin ETF, to two of its model portfolios, the company confirmed to etf.com Friday. IBIT—the largest of the spot bitcoin ETFs with $48.

BlackRock has added the iShares Bitcoin Trust (IBIT), the fund issued by the asset manager that holds bitcoin (BTC), to one of its model portfolios. These models suggest portfolios and rebalances which are then followed by advisors and platforms who can also request adjustments to the models based on their investment needs.

BlackRock is now officially putting Bitcoin into its $150 billion model-portfolio. The company has decided to allocate 1% to 2% of these portfolios to IBIT,

BlackRock, the world's largest asset management firm, has reportedly incorporated its iShares spot Bitcoin exchange-traded fund (IBIT) into some of its model portfolios.

BlackRock, the world's largest asset manager, is including its Bitcoin ETF in a sliver of its Target Allocation with Alternatives portfolios.

BlackRock allocates up to 2% in Bitcoin via IBIT ETF, signaling institutional crypto adoption and boosting Bitcoin’s mainstream growth.

BlackRock, the world’s largest asset manager, is incorporating Bitcoin into its $150 billion model-portfolio universe.

The addition sounds risky at a time of cratering bitcoin prices, but the asset management titan says advisor demand is strong.