##  [# BlackRock Adds Spot Bitcoin ETF IBIT to Model Portfolios](/sections/news/blackrock-adds-spot-bitcoin-etf-ibit-model-portfolios) 

 

# BlackRock Adds Spot Bitcoin ETF IBIT to Model Portfolios

 

 

BlackRock has added its spot bitcoin ETF IBIT to two of its model portfolios.



 

 

 

 

 [![Kristin](/sites/default/files/styles/author_image_icon/public/2024-04/Kristin_Myers-square_0.png?itok=UcEMs4b4)](/authors/kristin-myers) 

[By Kristin Myers](/authors/kristin-myers)

 Feb 28, 2025

 Edited by: Ron Day

 

 

 [ + Follow ](/etf/login) 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

[BlackRock Inc. (BLK)](/stock/blk/) has added the [**iShares Bitcoin Trust (IBIT)**](/ibit), its spot bitcoin ETF, to two of its model portfolios, the company confirmed to etf.com Friday.

IBIT—the largest of the spot bitcoin ETFs with $48.3 billion in assets—was added to the Target Allocation with Alternatives and the Target Allocation with Alternatives Tax-Aware portfolios, a company spokesperson said.

In a note, Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite wrote: "In portfolios that hold alternatives, we are adding a position in Bitcoin, funded from equities as an additional alternative asset with a fixed supply, with a potentially diversifying source of risk and return."

Though BlackRock's model portfolio universe represents some $150 billion, the company explained that IBIT's addition is only an extremely small slice.

"The addition of IBIT to these portfolios as a diversifier are in line with the investment objectives of this model, as Target Allocation with Alts portfolios are designed for investors with a higher risk budget and growth target," a BlackRock spokesperson said to etf.com. New York-based [BlackRock](/topics/blackrock) is the world's biggest exchange-traded fund issuer, managing more than $3 trillion in 438 ETFs.

Adding IBIT to the model portfolios allows investors more opportunities to access cryptocurrency. Still, the move comes as spot bitcoin ETFS have been hit by [record outflows](/sections/news/bitcoin-etfs-hit-record-outflows-gold-etfs-surge) amid a slump in the price of the largest cryptocurrency. Bitcoin has fallen to less than $84,000, a 90-day low.

"We believe bitcoin has long-term investment merit and can potentially provide unique and additive sources of diversification to portfolios," Gates wrote in his note.

Nearly $3 billion has flowed from spot bitcoin ETFs over the past week, with more than $700 million leaving IBIT this week alone, according to etf.com data. The outflows are the most that spot bitcoin has seen since they launched in January of last year.

[![Fund flows for the past 5 days of IBIT](/sites/default/files/inline-images/Screenshot%202025-02-28%20at%2011.52.28%E2%80%AFAM.png)](/IBIT)

Despite the record high outflows, IBIT still remains the largest spot bitcoin ETF. The fund has raked in more than $37 billion since its launch, more than triple the inflows of the next largest spot bitcoin ETF, FBTC, the [**Fidelity Wise Origin Bitcoin Fund**](/FBTC).



 

 

 [ + Follow ](/etf/login) 

 [ Kristin Myers SVP Content/EIC ](/authors/kristin-myers) 

 

 

  Kristin Myers is an award-winning journalist, who covers business and finance news. She is the current Senior Vice President of Content and Editor in…   [View Bio](/authors/kristin-myers)

 



 

 


 Related Topics  [Blackrock](http://www.etf.com/topics/blackrock) 

 [Crypto](http://www.etf.com/topics/cryptocurrency) 

 [Crypto ETFs](http://www.etf.com/topics/crypto-etfs) 

 [Spot Bitcoin](http://www.etf.com/topics/spot-bitcoin) 

 [Advisor Center](http://www.etf.com/topics/advisor-center-0)