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February 6, 2025
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BlackRock’s iShares Bitcoin Trust ETF has become a huge success, managing $53.8 billion in assets. However, the world’s largest asset manager still has a cautious view of cryptocurrency and recommends investors allocate no more than 2% of their portfolio to Bitcoin. In a recent report, BlackRock compared investing in Bitcoin to investing in top tech stocks: potentially beneficial but also risky.

The report stated that a “reasonable range for Bitcoin exposure” was 1-2% of a portfolio’s total value. The asset is still considered risky, with no underlying cash flows, and its price is driven solely by adoption. The report noted that increased adoption in the future could make Bitcoin less risky, but it could also mean “no longer have a structural catalyst for further sizable price increases.” BlackRock’s Bitcoin ETF has been the most successful among crypto ETFs, attracting the most investment and trading volume.

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