BlackRock adds Bitcoin ETF to portfolios

#BlackRock , the world's largest asset manager, is adding its #Bitcoin $BTC #ETF , the iShares Bitcoin Trust (IBIT), to a small portion of its Target Allocation with Alternatives portfolios. These portfolios are designed for investors with a higher risk tolerance, with #IBIT making up 1% to 2% of the allocation. The move highlights the growing acceptance of cryptocurrency in traditional finance, following increased demand for crypto-based investment products.