BlackRock: Allocating just 1% to crypto in a traditional Asian portfolio could bring in nearly $2 trillion in new funds

BlockBeats News, February 12th, Nicholas Peach, Head of Asia-Pacific at BlackRock iShares, stated at the Hong Kong Consensus Conference that allocating just 1% to crypto assets in a traditional Asian portfolio could theoretically bring in nearly $2 trillion in new funds. Crypto ETFs are gaining traction among Asian institutions, with some allocation models suggesting a small percentage of exposure to crypto. Based on an estimated $108 trillion in Asian family wealth, even with a conservative allocation, the impact would be significant.