BlackRock's Bitcoin Allocation Recommendation

BlackRock, the world's largest asset manager managing $11.5 trillion in assets and known for the largest spot Bitcoin ETF, recommended investors allocate up to 2% of their portfolios to Bitcoin in a report released on Thursday.

Report Highlights

In the report on including Bitcoin in a multi-asset portfolio, BlackRock suggested that a 1% to 2% exposure to Bitcoin is reasonable. This was shared by Bloomberg Senior ETF Analyst Eric Balchunas on X.

The IBIT exchange-traded fund from BlackRock holds over $50 billion in assets under management, according to The Block Data Dashboard.

Bitcoin Price Surge

Bitcoin has recently surpassed $100,000 for the first time, significantly increasing since Donald Trump won the U.S. presidential election last month. The launch of Bitcoin ETFs in January and Trump’s perceived crypto-friendly stance contribute to this burgeoning legitimacy for BTC and the broader crypto market.

As of 10:09 a.m. ET, Bitcoin was trading at $101,761.07, according to The Block Price Page.

In November, BlackRock's spot Bitcoin ETF surpassed its gold ETF in total net assets. The IBIT bitcoin fund began trading at the start of the year, while BlackRock’s IAU gold fund was launched in 2005.