A portion of Stanford University’s endowment fund, managed by the student-run Blyth Fund, allocates around 7% of its portfolio to Bitcoin investments.
Kole Lee, a computer science major and leader at the Stanford Blockchain Club, reveals the Blyth Fund’s Bitcoin allocation following his pitch to the fund in February.
Lee’s pitch emphasizes factors such as ETF inflows, crypto market cycles, and hedging against monetary chaos and war as reasons for the Bitcoin investment.
The Blyth Fund, established in honor of banker Charles Blyth, allows students discretion in investment decisions and now includes Bitcoin among its assets.
Lee speculates that the breaking of Bitcoin’s all-time high could trigger excitement and a volatile move to the upside, potentially covering billions of dollars in shorts.
Asset manager BlackRock amends its Strategic Income Opportunities Fund to include potential exposure to Bitcoin through shares in Bitcoin exchange-traded products (ETPs).
BlackRock’s recently launched spot Bitcoin ETF, IBIT, experiences significant growth, surpassing $11 billion in assets under management with a substantial inflow of $420 million.
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