BlackRock, the world’s largest asset manager, is reportedly considering adding Bitcoin exposure to more of its funds. This move comes as the cryptocurrency continues to gain mainstream acceptance and interest from institutional investors.
BlackRock already has some exposure to Bitcoin through its Global Allocation Fund, which has been investing in the cryptocurrency since January. The fund has seen significant gains from its Bitcoin holdings, with the price of the digital asset hitting all-time highs in recent months.
Now, BlackRock is looking to expand its Bitcoin exposure to more of its funds, according to sources familiar with the matter. This could potentially open up the cryptocurrency to a wider range of investors who may not have direct access to Bitcoin through other means.
The decision to add Bitcoin exposure to more funds comes as the cryptocurrency market continues to mature and gain legitimacy. Institutional investors, including hedge funds and corporations, have been increasingly turning to Bitcoin as a hedge against inflation and a store of value.
BlackRock’s move to add Bitcoin exposure to more funds could further validate the cryptocurrency as a legitimate asset class. It could also potentially drive up the price of Bitcoin as more institutional investors allocate capital to the digital asset.
However, it’s important to note that investing in Bitcoin carries risks, as the price of the cryptocurrency is highly volatile and can fluctuate significantly in a short period of time. Investors should carefully consider their risk tolerance and investment goals before adding Bitcoin exposure to their portfolios.
Overall, BlackRock’s consideration of adding Bitcoin exposure to additional funds is a significant development for the cryptocurrency market. It could pave the way for more institutional investors to enter the space and further legitimize Bitcoin as a mainstream asset class.
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- Source Link: https://zephyrnet.com/blackrock-looking-to-include-bitcoin-exposure-in-other-funds/