Blackrock recently made some news when they announced that their most aggressive asset allocation models would invest ~2% in bitcoin etfs. To put that into perspective, an estimated $100B tracks BlackRock allocation models in total (source: Cerulli). Probably less than 10% of that is in the most aggressive models (60/40 is the sweet spot), which means that maybe $2B will go into IBIT as a result. It’s a start and better than nothing but not yet a game changer IMO

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Sorry I wrote that too fast - a 2% allocation would imply that $200M (not $2B) would go into IBIT

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I think you had the first time, as $2B is 2% of $100B.

Sorry!! I messed that up! It’s only $200M