Wu Blockchain (@WuBlockchain): According to Bloomberg, BlackRock will allocate 1% to 2% of its $150 billion target allocation portfolios to Bitcoin, investing in the $48 billion iSh…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
According to Bloomberg, BlackRock will allocate 1% to 2% of its $150 billion target allocation portfolios to Bitcoin, investing in the $48 billion iShares Bitcoin Trust ETF (IBIT). This move opens a potential demand channel for IBIT, as model portfolios bundle funds into ready-made strategies for financial advisers. bloomberg.com/news/articles/…