华尔街动态

January 2024 on Wall Street is destined to be tumultuous. The world's largest asset management firm, BlackRock, announces that its Bitcoin ETF (IBIT) is officially included in the 'alternative asset model portfolio'. This seemingly ordinary position adjustment triggered a nuclear-level shock in the global capital markets—an institutional portfolio managing $130 billion in assets opens its doors to Bitcoin for the first time.
One, seemingly 1% positions hide a tremendous upheaval on Wall Street.
In BlackRock's latest investment model, Bitcoin ETFs are assigned a 1%-2% allocation ratio. This number might seem insignificant in individual investor accounts, but when it appears in a model portfolio managing $150 billion in assets, its symbolic significance far exceeds the number itself.

Recently, Bank of New York Mellon disclosed its investment portfolio to the public, revealing its gradual increase in digital assets. As of the end of the fourth quarter, the bank held more than $13 million in Bitcoin exchange-traded funds (ETFs), a move that undoubtedly indicates that the pace of investment by traditional financial institutions in the field of digital assets is accelerating.
According to documents disclosed by the SEC, Bank of New York Mellon's asset allocation includes 115,108 shares of WisdomTree Bitcoin Fund (BTCW), with a market value of approximately US$11.87 million, and 25,309 shares of BlackRock iShares Bitcoin Trust (IBIT), with a market value of approximately US$1.4 million.