Stanford Blyth invests 7% Of its Portfolio into Bitcoin

Stanford Blyth invests 7% Of its Portfolio into Bitcoin

Stanford Blyth invests 7% Of its Portfolio into Bitcoin

Stanford Blyth Fund, managed by Stanford students, allocated around 7% of its portfolio to Bitcoin following a presentation by Kole Lee.

Within the portfolio of an investment fund responsible for managing a portion of Stanford University, Stanford Blyth fund, Bitcoin investments account for as much as 7% of the total.

After making a presentation to the Blyth Fund in February, Kole Lee, a student at Stanford University who majors in computer science and is also the leader of the Stanford Blockchain Club.

It announced on March 5 that the Blyth Fund, which students administer, has dedicated around 7% of its portfolio to Bitcoin.

Stanford Blyth Fund Invests In Bitcoin

After stating that the Stanford Endowment had purchased Bitcoin for $45,000, he said he had presented the Stanford Blyth Fund with BlackRock’s IBIT ETF.“which tried to remain as objectively bullish as possible while catering to an audience of skeptics,” he said.

Stanford Blyth invests 7% Of its Portfolio into Bitcoin
Bitcoin pitch for Stanford Blyth Fund. Source: @kolelee_ on X

His arguments hinged around three crucial factors: exchange-traded fund (ETF) inflows, cryptocurrency market cycles, and a buffer against “monetary chaos and war.”

The student-run fund, formed in 1978 in honor of the great banker Charles Blyth, is responsible for managing a piece of Stanford’s endowment worth six figures.

It invests in equities, bonds, other assets, and Bitcoin. Lee stated in an interview that the Blyth Fund, an investment club run by students, is “committed to their members investing within their skill sets and passions.”

“The Blyth Funds are separately managed funds that are part of the expandable fund pool and give discretion in investing decisions to students. Thus, I thought the ETF was a wonderful opportunity for Blyth to buy Bitcoin.”

Lee speculated that breaking the all-time high of $69,000 would lead to billions of shorts being covered and people becoming excited at ATHs, enhancing a volatile move to the upside.

On the other hand, on March 4, asset management firm BlackRock submitted an update to the Securities and Exchange Commission to include Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX).

“The Fund may acquire shares in exchange-traded products (“ETPs”) that seek to reflect generally the performance of the price of Bitcoin by directly holding Bitcoin (“Bitcoin ETPs”), including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.”

It indicated that it may purchase shares in funds that have direct exposure to the price of Bitcoin (BTC). According to BlackRock, the fixed-income security investment opportunity fund (SIO fund) now has assets under management totaling $36.5 billion.

Stanford Blyth invests 7% Of its Portfolio into Bitcoin
Screenshot from BlackRock filing. Source: SEC

IBIT, the company’s newly launched spot Bitcoin exchange-traded fund has been the most successful of the nine funds recently introduced. During this week, it topped $11 billion in assets under management and experienced a cash inflow of $420 million on March 4. 

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