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🔹 BlackRock's Global Allocation Fund has invested $47.4 million in Bitcoin ETF.

🔹 BlackRock, the world's largest asset manager with $11.5 trillion in assets under management, has added its Bitcoin ETF to its $150 billion investment portfolio. This move reflects the increasing acceptance of cryptocurrencies in traditional investment strategies.

🔹 These investment portfolios are sold to financial advisors to manage assets for their clients. Some of these portfolios are designed for capital growth, some for income generation, and others for capital preservation.

🔹 BlackRock considers allocating 1% to 2% of the assets in these portfolios to Bitcoin to be a reasonable amount, as the high volatility of Bitcoin may increase the overall investment risk.

🔹 This action by BlackRock could lead to increased demand for Bitcoin ETFs and further boost traditional investors' confidence in cryptocurrencies.

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