Happy Tuesday, Blockfolians
At this point, the question is “which institution is announcing their bitcoin position this week?”
The answer this time around is the Ruffer Investment Company out of London. The firm’s $620,000,000 multi-strategies fund allocated 2.5% of the fund or ~$15m to BTC, as per a recent filing. This happened in November. In total, Ruffer has more than $20B in assets under management.
For every one of these investments that we get visibility into, there may be many more similar deals behind the scenes. This is to say nothing of the firms that are on the verge of allocating, being pushed closer every time another peer dives in, de-risking the space further.
It’s an exciting time to be here.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
DeFi on Bitcoin? Sovryn launches on RSK sidechain.
An early look at China’s CBDC user experience
Coinbase now allows minting of tBTC
Long bitcoin, short the dollar among most crowded trades according to Bank of America
Sing it, Andreas
Caitlin Long on why bitcoin and rehypothecation - a practice at the core of the traditional financial system - don’t mix
A Really Big Number We Should Be Paying Attention To
That’s Grayscale’s AUM after an absolutely insane couple months
Barry Silbert @BarrySilbertI contend that @Grayscale is the fastest growing asset manager of all time. Prove me wrong
Catch up on NFT excitement from last weekend