BlackRock, the world's largest asset manager, has announced its plans to diversify its investment strategies by incorporating Bitcoin into its Global Allocation Fund, known as MALOX, suggesting an optimal Bitcoin allocation of 84.9% of a portfolio. The firm is seeking regulatory approval to include spot Bitcoin Exchange-Traded Funds (ETFs) and has also expressed interest in purchasing spot bitcoin exchange-traded products (ETPs) for its $18 billion Assets Under Management (AUM) Global Allocation Fund. Furthermore, BlackRock has submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) regarding a new 'Strategic Income Opportunities Portfolio' that will invest in high-yield bonds, international debt, and potentially its new Bitcoin ETF, named iShares Bitcoin Trust. This move signifies a significant shift towards cryptocurrency for traditional financial institutions and highlights the growing acceptance of digital assets in mainstream investment portfolios.