Last week, prices for BlackRock's spot bitcoin (BTC) exchange-traded fund (ETF) declined over 11%, with volumes reaching the highest since

BlackRock's Bitcoin ETF saw its highest trading volume in three months, dropping 11% and losing over $1 billion in outflows while maintaining its position as the world's largest ETF.

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,

BlackRock, the world’s largest asset manager, is incorporating Bitcoin into its $150 billion model-portfolio universe. The firm is adding a 1% to 2% allocation of the iShares Bitcoin Trust ETF (IBIT) to its target allocation portfolios that allow for alternatives,

BlackRock allocates up to 2% in Bitcoin via IBIT ETF, signaling institutional crypto adoption and boosting Bitcoin’s mainstream growth.