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.

The world’s biggest asset manager is finally allowing Bitcoin into its $150 billion model-portfolio universe. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkBlackRock Inc.

BlackRock is now officially putting Bitcoin into its $150 billion model-portfolio. The company has decided to allocate 1% to 2% of these portfolios to IBIT,

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

BlackRock incorporates Bitcoin into its $150 billion model portfolios with a cautious 1%-2% allocation to the iShares Bitcoin Trust ETF.

BlackRock, the world's largest asset management firm, has reportedly incorporated its iShares spot Bitcoin exchange-traded fund (IBIT) into some of its model portfolios.

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

BlackRock plans to add a small 1% to 2% bitcoin allocation to its target allocation portfolios that include alternatives for the first time through its iShares Bitcoin Trust ETF, according to a Feb. 27 investment commentary written by BlackRock’s target allocation team.