Asset Allocation
BlackRock Identifies 1% to 2% as Optimal Bitcoin Allocation
Institutional adoption of the digital asset can dampen its volatility, according to a paper from the asset manager.
Tag: Bitcoin
Asset Allocation
Australian Super Fund AMP Makes Bitcoin Allocation
With $36.24 billion in assets, AMP will allocate 0.05% to the digital currency that recently topped $100,000 in value.
Asset Allocation
UK Pension Allocates 3% of Portfolio to Bitcoin
According to pension adviser Cartwright, an unnamed client allocated a single-digit percentage to the digital asset.
Pensions
Florida CFO Tells Pension Funds to Consider Crypto Investments
Jimmy Patronis called on the $245 billion State Board of Administration to study adding digital assets to the state’s pension fund.
Opinion
Opportunities Abound at Intersection of Traditional Finance, Digital Assets, Energy
The CIO of Panama’s sovereign wealth fund writes that the push for regulatory clarity and innovation are strong in a ‘dynamic, yet challenging, frontier’ market.
Pensions
Pensions in Michigan, Jersey City Add Bitcoin ETFs to Portfolios
Only three public pension funds are known to have acquired these types of ETFs.
Asset Allocation
New University of Austin to Add $5 Million in Bitcoin to Endowment
The school, formed in opposition to what some critics call academia’s leftist mindset, goes against many allocators’ wariness about crypto.
Pensions
Wisconsin Pension Buys $160 Million in Bitcoin ETFs
The State of Wisconsin Investment Board purchased Grayscale and BlackRock Bitcoin ETFs.
Pensions
Japan’s GPIF Explores Incorporating Cryptocurrency Into Its Portfolio
The fund issued a request for information on incorporating digital assets, as well as gold, timber and other alternatives, into pension portfolios.
Regulation
Israel-Hamas War Puts Cryptocurrency in CFTC, Treasury Crosshairs
Federal regulators speaking at a SIFMA conference noted crypto’s role in illicit finance, including in the war in Gaza.
Regulation
DC Circuit Court Orders SEC to Reconsider Bitcoin ETF
The court ruled in August that the SEC had unfairly blocked the Grayscale bitcoin ETF, given the SEC had already approved two bitcoin futures ETPs.
News
Coinbase Keeps Expanding Despite Financial, Regulatory Woes
Battered crypto exchange sets up international operation, even as SEC scrutinizes its business practices.
Risk
Crypto Bloodbath Won’t Stop Spreading, as Some Lose the Right to Their Money
A bankruptcy judge’s ruling against customers in the Celsius case is the latest blow.
Risk
BNY Mellon’s Digital Asset Custody Platform Goes Live in U.S.
The bank hired digital asset tech firms Fireblocks and Chainalysis to help develop multi-asset platform.
Newsmakers
Latest Sign of Crypto Decline: Scaramucci Bars Fund Redemptions
Despite a small bitcoin rally recently, several notable financial firms are retreating from digital currencies or running into trouble.