VanEck adds bitcoin to core portfolio with 2% allocation
- —VanEck set a 2% bitcoin weight in its model core portfolio
- —The firm says the allocation is enough to move returns
- —The change applies to model allocations, not a new ETF product
Why it matters: A major asset manager adding BTC to its core allocation signals growing institutional acceptance of bitcoin as an asset class.
Source: Google News (crypto query)