1 days ago
BlackRock, the world’s largest asset management firm, has reportedly incorporated its iShares spot Bitcoin ( BTC ) exchange-traded fund (IBIT) into some of its model portfolios. Bloomberg, citing a BlackRock investment outlook that its journalists had viewed, reports that the firm added a 1-2% allocation for IBIT in model portfolios that allow for alternative investments. Model portfolios are a basket of different investments crafted by a financial advisor. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, reportedly wrote in an investment commentary this week that the firm believes Bitcoin has “long-term investment merit and can potentially provide unique and additive sources of diversification to portfolios.” In January, BlackRock CEO Larry Fink said that sovereign wealth funds could drive the price of Bitcoin higher if they attempt to hedge against “local fears,” such as inflation and political or economic uncertainty. “If you’re frightened of the debasement of your currency or you’re frightened of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears. And so I’m a big believer in the utilization of that as an instrument, and so if that becomes true and you see that it could be a proper hedge against hope securities or equities, the question is, could you see it be a 2% or 5% allocation? I was with a sovereign wealth fund during this week and that was the conversation. Should we have a 2% allocation? Should we have a 5% allocation? If everybody adopted that conversation, it would be $500,000, $600,000, $700,000 per Bitcoin.” IBIT is the largest Bitcoin ETF, with $47.89 billion worth of assets under management (AUM), according to data from Coinglass . The U.S. Securities and Exchange Commission (SEC) greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ( ETH ) ETFs for trading in July. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post BlackRock Includes IBIT Bitcoin (BTC) Exchange-Traded Fund in Model Portfolio: Report appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Bitcoin Trading blackrock BTC BTC ETF ETF exchange traded fund IBIT News
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Monster insider trading alert on Trump crypto reserve announcement
President Donald Trump has announced the creation of the United States Cryptocurrency Strategic Reserve to fulfill one of his election campaign promises. In the announcement, Trump named five cryptocurrencies – Bitcoin ( BTC ), Ethereum ( ETH ), XRP , Solana ( SOL ), and Cardano ( ADA )- that will be part of the reserve, as he said in a Truth Social post on March 2. Trump’s announcement on crypto reserve. Source: Truth Social According to Trump, he has directed the Presidential Working Group to move forward with the initiative. Consequently, the move has ignited a significant capital inflow into the market, reversing the recent bearish sentiment that had engulfed the sector. Bitcoin and Ethereum insider trading alert Interestingly, the renewed momentum has raised concerns about possible insider trading involving a whale who may have had prior knowledge of the decision. Details of the trade indicate that on March 1, an unidentified crypto whale executed a 50x leveraged long position on Bitcoin and Ethereum, wagering a mere $4 million to control a $200 million position. By March 2, the trader had deftly closed most of the positions, reaping $6.8 million in profits within a single day, raising questions about whether the outcome was sheer luck or if the trader was privy to inside information. Crypto whale transaction. Source: Bitcoin News Notably, leveraged positions allow traders to amplify their buying power by borrowing funds from an exchange or broker, enabling them to control a position vastly larger than their initial capital. Another massive whale activity was witnessed in XRP. Specifically, on-chain data shared by prominent cryptocurrency analyst Ali Martinez on March 2 indicated that large investors accumulated 270 million XRP. XRP whale transaction chart. Source: Santiment/Ali_charts Since taking office, Trump has partly prioritized cryptocurrency policies and regulations, including nominating pro-crypto leaders in agencies such as the Securities and Exchange Commission ( SEC ). Interestingly, Trump and his family have also been involved in launching several meme cryptocurrencies, which have been linked to insider trading allegations . Meanwhile, some players have expressed skepticism toward the plan. For instance, economist Peter Schiff argued that Bitcoin’s inclusion among other digital assets diminishes its uniqueness, stating, “There’s nothing special about Bitcoin.” According to Trump`s Truth Social post, the Strategic Reserve they are "evaluating" would consist of Bitcoin, Ethereum, Solana, Ripple, Cardano, and other valuable cryptocurrencies. That means there`s nothing special about Bitcoin. It`s just one of an unlimited supply of cryptos. — Peter Schiff (@PeterSchiff) March 2, 2025 The new U.S. crypto policy has renewed interest in cryptocurrencies, with assets listed for the strategic reserve witnessing significant buying activity. Crypto capital inflow For instance, Bitcoin has breached the $90,000 resistance , trading at $93,483 as of press time. This value reflects an increase of almost 10% in the past 24 hours, though BTC remains in the red on the weekly chart with modest losses of about 1.7%. Similarly, Ethereum is also witnessing an uptick in valuation, trading at $2,481, up over 12% on the daily chart. Bitcoin and Ethereum seven-day price chart. Source: Finbold Among the assets proposed for the reserve, ADA is the biggest gainer, surging 55% to trade at $0.99, while XRP has rallied almost 30%, trading at $2.75 as of press time. Featured image via Shutterstock The post Monster insider trading alert on Trump crypto reserve announcement appeared first on Finbold . The Daily Hodl
Cardano’s Surge to $1: Potential for Continued Growth Amid Investor Confidence and Key Support Levels
Cardano (ADA) has seen a remarkable resurgence, surging 60% following President Trump’s announcement regarding a “US Crypto Reserve,” signaling renewed investor interest. This bullish momentum highlights a significant shift in The Daily Hodl
ZRX
-
China Warns of DeepSeek Crypto Scams and Malware Threats
39 dakika önce
