BlackRock recommends bitcoin portfolio weighting of up to 2% for interested investors

Quick Summary:

:BlackRock recommends that interested investors consider allocating as much as 2 per cent of their portfolio to bitcoin, the world's largest cryptocurrency, the giant asset manager said in a report on Thursday".

The lion's share of those assets have flowed to BlackRock's iShares Bitcoin Trust, which now has $51.1 billion in assets.

Having significant exposure to these companies can be similar to owning bitcoin in terms of overall portfolio risk, the firm said.

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Category: EconomyBusiness

Markets: Singapore

Topics: Assets Bitcoin Portfolio Risk Including Blackrock Companies Report Include Investors Asset

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 01:42:07 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24383966

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