According to Crypto Rover, BlackRock's decision to add Bitcoin to its model portfolio reflects a significant institutional interest in the cryptocurrency, which may influence market dynamics and encourage traders to reconsider short-term selling strategies.

According to @rovercrc, BlackRock is alleged to have added Bitcoin to its Model Portfolio, marking the first-ever inclusion of Bitcoin in their allocations. This decision involves a tiny allocation in a small alternatives bucket. Such a move is seen as a massive signal to other model providers managing over $5 trillion.

According to Crypto Rover, BlackRock has allegedly included Bitcoin in its Model Portfolio with a small allocation in an alternatives bucket. This marks the first-ever Bitcoin inclusion by BlackRock and is seen as a significant signal to other model providers managing over $5 trillion, potentially influencing broader adoption in institutional portfolios.

According to Eric Balchunas, BlackRock has added $IBIT to one of their smaller model portfolios, marking the first time they have included it in any of their models. This move is seen as a cautious step into the cryptocurrency market with a small allocation in the alternative investment bucket, indicating potential interest and confidence in the asset's future performance.