Organizations are coming in one after another! Stanford University’s Blyth Fund Invests in Bitcoin

According to Cointelegraph, some institutions are gradually investing in Bitcoin. The Stanford Blyth Fund has allocated 7% of its portfolio to Bitcoin, at a cost of approximately $45,000. In addition, BlackRock has also applied to include Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX).

Stanford University Blyth Fund also invests in Bitcoin

The Charles R. Blyth Fund is an investment fund run by a student organization at Stanford University. Since its founding in 1978, the Blyth Fund has managed stocks, bonds and other assets in Stanford’s endowment, totaling approximately $170,000. The fund is designed to provide hands-on investing experience to Stanford students interested in finance and welcomes all members who demonstrate continued participation and enthusiasm for investing.

Kole Lee, the leader of Stanford University’s Blockchain Club, reportedly recommended BlackRock’s Bitcoin spot ETFIBIT to Blyth Fund in February. The Blyth Fund subsequently allocated 7% of its portfolio to Bitcoin ETFs, which puts Bitcoin at a cost price of approximately $45,000.

BlackRock includes Bitcoin in its Strategic Income Opportunities Fund (BSIIX)

BlackRock Asset Management submitted an amendment to the U.S. Securities and Exchange Commission (SEC) on 3/4 case. The amendment involves incorporating Bitcoin exposure into its $36.5 billion Strategic Income Opportunities Fund (BSIIX). According to the filing, the fund may reflect the performance of Bitcoin prices by purchasing Bitcoin exchange-traded products (ETPs), including those issued by BlackRock.

BlackRock’s IBIT is one of nine newly launched Bitcoin spot ETFs that leads the way in terms of performance. The ETF has more than $12.4 billion in assets under management, surpassing the current largest silver ETF (SLV) and ranking third among commodity ETFs.

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