BlackRock’s Rieder says bitcoin will trade ‘considerably higher’
BlackRock CIO Rick Rieder expects bitcoin to climb over time while the firm keeps exposure moderate after the token’s roughly 50% pullback.
On June 15, 2026, BlackRock Chief Investment Officer Rick Rieder said he expects bitcoin to trade “considerably higher” over the long term but that his team is keeping the firm’s exposure to the asset moderate.
Rieder, who oversees BlackRock’s global fixed income and allocation strategies and sits on the firm’s Global Executive Committee, responded to a question about the recent sell-off by noting technical volatility and competing opportunities in other markets. “I think it’s ultimately going considerably higher,” he said, and added the firm is “keeping it a pretty moderate exposure, quite frankly.”
He cited technical conditions that could cause the market to “chop around” and pointed to investment alternatives such as technology equities and emerging markets debt as reasons for a measured allocation.
The comments came as BlackRock launched the iShares Bitcoin Premium Income ETF, ticker BITA, on June 16, 2026. The actively managed ETF allocates a portion of its portfolio to direct bitcoin and to shares of the iShares Bitcoin Trust (IBIT). The fund seeks to generate monthly income by selling call options on part of its holdings and carries a sponsor fee of 0.65%. BlackRock describes the product as a way to pursue participation in bitcoin’s upside with lower volatility than pure spot exposure.
Market data around June 15–16 placed bitcoin in the mid-$65,000 range after a correction earlier in the month pushed the token below $60,000. The price stood roughly 47% below a late-2025 high above $126,000.
BlackRock’s crypto trusts have continued to buy bitcoin and ether since their debuts. As of June 15, IBIT held about 766,162.82 BTC, with an estimated market value just over $50 billion. Among corporate holders, one company’s treasury reported holdings of roughly 846,842 BTC.
Rieder has been an early internal advocate for bitcoin at BlackRock. One of the mutual funds he manages holds a small position in bitcoin through IBIT. His public remarks and BlackRock’s new product expand the firm’s range of bitcoin investment options while maintaining a cautious allocation approach.
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