Bitcoin has rocketed higher this year in large part due to BlackRock, the world's largest asset manager, putting its $10 trillion weight behind

BlackRock’s Bitcoin exchange-traded fund (ETF) has seen its largest-ever single-day outflow as Bitcoin funds notch a fourth straight trading day of outflows now totaling over $1.5 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.

Despite bitcoin’s recent success, financial planners say they're cautious about recommending it to clients. Here's how much bitcoin they think you should have in your portfolio.

Leading Bloomberg analyst Eric Balchunas said Monday that Blackrock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) could surpass SPDR S&P 500 ETF Trust (NYSE:SPY) to become the world’s top exchange-traded fund,

The world’s largest asset manager BlackRock released a video promoting Bitcoin. But hodlers aren’t happy about its disclaimer.

BlackRock Bitcoin ETF (IBIT) records largest daily outflow of $188 million today. Early signs of Bitcoin price crash or buy dip opportunity?

Bitcoin falls below $96K, dragging down MicroStrategy and Coinbase. Traders brace for volatility as ETF outflows and derivatives expirations pressure prices.

Adam Back clarified that this legal fine print in the video reflects BlackRock’s lack of control over Bitcoin’s decentralized protocol.

Bitcoin is a proof-of-work (PoW) system, not a proof-of-stake (PoS) system. It doesn't matter how much bitcoin BlackRock owns; economic nodes hold the real power.

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

That right there screams to me that Bitcoin is becoming recognized as a legit and established asset class in the eyes of the financial elite, and then eventually the mainstream.

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