Blackrock, the largest asset manager in the world, has just announced the integration of Sound Bitcoin, the Ishares Bitcoin Trust (IBIT), in its model portfolios. A significant advance in the institutional adoption of cryptocurrencies, in the midst of market volatility.
Ibit, a major player in the Bitcoin ETF market
This is a new advance for the Bitcoin ETF: Blackrock has decided to add its IBIT stock market on the market, the market bitcoin in the market, in its model investment portfolios including alternative assets.
Concretely, 1 % to 2 % of the allowance will be invested in the Ishares Bitcoin Trust fund, which has established itself as the dominant product of the Bitcoin Spot market. It currently represents more than 70 % of market shares in volume of transactions.
If the part invested in the Bitcoin ETF remains modest, it nevertheless marks institutional recognition of Bitcoin as a class of viable assets. Michael Gates, main manager of blackrock model portfolios, said that according to him, ” Bitcoin has a long -term investment value and that it can provide additional sources of diversification to wallets ».
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An announcement that could further stimulate the interest of financial advisers and institutional investors for Bitcoin ETF. It arrives at the time when the Crypto market is going through a delicate period, since the price of Bitcoin fell by more than 17 % in February.
In January 2024, the Ishares Bitcoin Trust had benefited from a spectacular launch, with more than $ 37 billion in entries. But after the recent drops of Bitcoin, the ETF suffered net outings of almost $ 900 million last week. Indeed, after flirting with the $ 110,000 last month, Bitcoin is now exchanging around 90,000 dollars, a victim of macroeconomic uncertainties.
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A bet on the resilience of Bitcoin
The inclusion of the Ibit in the BlackRock model portfolios takes even more weight when you observe the trends in the Bitcoin ETF market. The Ibit is among the most efficient ETFs in terms of assets under management, currently holding more than $ 11 billion. He thus surpasses certain long -standing competitors, consolidating his leading position among the Bitcoin ETF.
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Blackrock always adopts a cautious approach to Bitcoin: in a note published in December 2024, his investment team recommended that he did not exceed 2 % exposure to the greatest cryptocurrency, in order to limit the risks linked to its volatility.
But despite this caution, other asset managers could follow their example by integrating it into their investment strategies.
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Source: Bloomberg
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