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Crypto

BlackRock recommends adding bitcoin to portfolios

BlackRock has recommended that investors allocate 1 to 2 percent of their portfolios to bitcoin, presenting a balance between improving returns and managing risk through diversification. The guidance, presented by Michael Gates, head of portfolio management for BlackRock’s model portfolios, says a small allocation can influence performance without driving day-to-day risk. BlackRock cited its iShares Bitcoin Trust ETF (IBIT) as an implementation tool.

Crypto

BlackRock says bitcoin spot ETFs hit by AI rally but diversification value remains

BlackRock proposed that financial advisers allocate 1 to 2 percent of portfolios to bitcoin, while acknowledging that recent market flows have been unfavourable for the cryptocurrency. U.S.-listed spot bitcoin ETFs have seen outflows for more than 45 sessions, topping $7.8 billion in total. BlackRock said non-AI assets have lost investor attention as AI momentum absorbs market focus. It also launched a bitcoin options income ETF, BITA, and highlighted fees and asset levels.

Crypto

Bitcoin lacks direction; September FOMC remains variable despite oil price relief

Bitcoin is holding in a range near $64,000, with fears over a sharp rise in oil prices largely easing. Analysts say a clear directional move may be hard before late in the third quarter because the inflation impact of energy shocks is reflected with a lag and could shape the Federal Reserve\'s September policy meeting. Oil futures suggest supply concerns are easing, but structural factors and ETF flows may still cap any breakout.