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, the world’s largest asset manager, is incorporating Bitcoin into its $150 billion model-portfolio universe. The firm is adding a 1% to 2% allocation of the iShares Bitcoin Trust ETF (IBIT) to its target allocation portfolios that allow for alternatives,

BlackRock, a prominent investment management company, has recently included a Bitcoin exchange-traded fund (ETF) in its $150 billion model portfolio

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

BlackRock includes Bitcoin ETF in its model portfolios with 1%-2% allocation, highlighting its strategic focus on diversification.

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

Invesco (NYSE:IVZ), and Fidelity Investments have launched a wave of exchange-traded funds intended to bring to retail traders strategies once available only to financial elites. The three firms recently filed to start so-called managed futures ETFs,