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Institutions are entering BTC one after another, with Stanford University's Blyth Fund and BlackRock also joining the fray.

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Institutions are entering BTC one after another, with Stanford University

Institutions are gradually entering the BTC market. According to a report by Cointelegraph, Stanford University's Blyth Fund has allocated 7% of its investment portfolio to Bitcoin at a cost price of around $45,000. In addition, BlackRock has also applied to incorporate Bitcoin risk into its Strategic Income Opportunities Fund BSIIX.

Stanford University's Blyth Fund Also Invests in Bitcoin

The Charles R. Blyth Fund is a student-run investment fund and student organization at Stanford University. Since 1978, the Blyth Fund has managed around $170,000 in stocks, bonds, and other assets from Stanford University's endowment fund. The fund's purpose is to provide practical investment experience to Stanford University students interested in finance and is open to all members who demonstrate ongoing participation and passion for investing.

According to reports, Kole Lee, a leader of the Stanford University Blockchain Club, recommended BlackRock's Bitcoin spot ETF IBIT to the Blyth Fund in February. Subsequently, the Blyth Fund allocated 7% of its investment portfolio to the Bitcoin ETF, with a Bitcoin cost basis of approximately $45,000.

BlackRock Includes Bitcoin in its Strategic Income Opportunities Fund BSIIX

Asset management firm BlackRock also submitted an amendment to the U.S. Securities and Exchange Commission (SEC) on 3/4, incorporating Bitcoin risk into its Strategic Income Opportunities Fund BSIIX, with the fund size reaching up to $36.5 billion. The filing stated:

The Fund may invest in Bitcoin exchange-traded products (ETPs) to reflect the performance of Bitcoin prices, including Bitcoin ETPs issued by BlackRock.

BlackRock's IBIT is among the top-performing of the nine newly launched Bitcoin spot ETFs, with assets under management exceeding $12.4 billion, surpassing the largest silver ETF SLV, ranking third among commodity ETFs.

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