BlackRock (BlackRock) posted on June 23 on its official social media, suggesting that financial advisers allocate about 1% to 2% of an investment portfolio to Bitcoin. However, Robbie Mitchnick, BlackRock’s head of digital assets, said that the AI investment boom is pulling money away from Bitcoin, gold, and other so-called similar assets. U.S. spot Bitcoin ETFs have seen net outflows for more than 45 consecutive days, with cumulative outflows exceeding $7.8 billion.
BlackRock: 1%-2% Bitcoin allocation can boost returns; post links to IBIT product page
According to the caption on BlackRock’s official social media post (which directs investors to read Michael Gates’ commentary), the 1%-2% Bitcoin allocation is aimed at financial advisers, because this ratio can improve portfolio diversification and returns without significantly increasing risk. BlackRock described Bitcoin’s role in a portfolio as “constantly evolving.”
Mitchnick said: “The development momentum of artificial intelligence undoubtedly captures a lot of people’s attention.” He also noted that this trend of moving capital affects not only cryptocurrencies, but also other non-AI assets such as gold and precious metals.
Spot Bitcoin ETFs see net outflows for 45+ days; cumulative exceeds $7.8 billion
According to reports, U.S.-listed spot Bitcoin ETFs have recorded net outflows for more than 45 consecutive days, with cumulative outflows exceeding $7.8 billion. IBIT (iShares Bitcoin Trust), since its launch in January 2024, currently still holds nearly $49 billion in net assets; according to SoSoValue data, June 22 also saw net outflows on a single-day basis.
SpaceX’s recent IPO and Anthropic’s upcoming IPO (reported target valuation of $1 trillion) are seen as competing for the same pool of institutional capital that had previously flowed into crypto products.
Mitchnick: U.S. government debt levels and the federal deficit are the fundamental drivers of future Bitcoin demand
Based on Mitchnick’s remarks, he believes the current net outflow trend is temporary, and pointed to U.S. government debt levels and the federal deficit as “most likely to reignite demand for Bitcoin in the coming year.” He said: “The greater people’s concerns about borrowing levels and the risks of money printing, the more this ultimately becomes the most important underlying driver for the future.”
Mitchnick also noted that, like gold, Bitcoin is “negatively correlated with interest-rate risk,” and that intensified fiscal-policy debate before and after the midterm elections could also become another trigger for demand. All of the above is Mitchnick’s personal analysis viewpoint.
FAQ
Who exactly is the specific target for BlackRock’s recommended 1%-2% Bitcoin allocation?
Based on the post dated June 23, 2026, the main target of the recommendation is financial advisers and their managed clients’ investment portfolios, and it links to the IBIT product page. BlackRock positions Bitcoin as a “complementary tool” that can improve portfolio diversification, rather than a core holding. BlackRock manages more than $12-14 trillion in assets; even if calculated at a 1%-2% ratio, the capital flowing into cryptocurrencies is still substantial.
What are the structure and goals of the BITA ETF (iShares Bitcoin Premium Income ETF)?
According to BlackRock’s description, BITA launched on June 16. It is a covered-call options fund that generates income by selling options on roughly one quarter to one third of its Bitcoin holdings each month. Its annualized return target is 15% to 25%, but investors must give up about 30% of Bitcoin’s upside potential. The fee is 0.65%. Initial net assets are about $10.5 million. Target customers include institutions such as financial advisers, insurance companies, and retirement funds that avoid cryptocurrencies due to the lack of Bitcoin cash flow.
What does Jacobs’ “major integration of traditional finance and DeFi” refer to?
According to remarks by Jay Jacobs, head of BlackRock’s U.S. equity ETFs, on the Cointelegraph podcast, about 75% of IBIT buyers had never owned any ETF before purchasing a Bitcoin fund. These investors who first held ETFs later shifted to invest in BlackRock’s S&P 500 fund, gold fund, and AI fund, showing that cryptocurrencies as an entry point are guiding new capital into a broader ecosystem of traditional investment products.
