![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Recently, the Arizona State governor's veto decision has blocked the state from investing in Bitcoin, whereas Brown University has entered the crypto world with an investment in ETFs.
As more and more institutions see the benefits of investing in Bitcoin and other crypto, the gambling sector is also making headlines for its integration of the asset class. Many casinos are opting for cryptocurrency thanks to its myriad of advantages, including privacy.
As Carlos De Lanuza explains, many are able to bypass typical KYC requirements that customers find cumbersome because they use cryptos, which are decentralized ( source: https://www.valuewalk.com/cryptocurrency/best-bitcoin-casinos/).
While the gambling sector seems ready to accept crypto, the state of Arizona might take a bit longer. This comes as Governor Katie Hobbs has vetoed the Digital Assets Strategic Reserve bill (SB1025). This bill would have seen Arizona investing a part of its seized funds into Bitcoin, making it the first state in the US to do so. There's been a lot of talk about crypto reserves, including from current President Donald Trump, and there was hope for Arizona to make history.
But Governor Hobbs was adamantly against this, and her reasoning seems to be concerned about the stability of digital assets.
“Arizona’s retirement system is one of the strongest in the country because it is based on prudent and informed investments. The retirement funds of Arizonans are not a testing ground for unproven virtual assets,” she said in a message to the Senate.
Only time will tell if other states will take up the mantle and if so, what the outcome will be. One institution that does seem ready to take the crypto plunge is the noted Brown University.
In a recent SEC filing, it was revealed that the university holds 105,000 shares of BlackRock’s Bitcoin IBIT ETF. This represents an initial exposure of $4.9 million, which has now risen to $5.8 million thanks to the price developments of Bitcoin. This makes it one of the first Ivy League universities in the US to embrace Bitcoin exposure and could trigger others to do the same.
Having a name like Brown University publicly associated with a Bitcoin fund offers it an added layer of credibility that could go a long way. And while this $5.8 million is a drop in the bucket of its over $7 billion endowment fund, it joins the likes of Emery University and The University of Austin (UATX) that have also gained exposure to bitcoin through various means.
Overall, this shows that while some institutions are seemingly convinced of the value of Bitcoin, others are still wary. We can only hope that as more institutions get on board and have positive experiences investing in Bitcoin, others like the state of Arizona will become convinced and hopefully embrace the asset class as well.
免責聲明:info@kdj.com
所提供的資訊並非交易建議。 kDJ.com對任何基於本文提供的資訊進行的投資不承擔任何責任。加密貨幣波動性較大,建議您充分研究後謹慎投資!
如果您認為本網站使用的內容侵犯了您的版權,請立即聯絡我們(info@kdj.com),我們將及時刪除。
-
-
-
-
-
-
-
-
-
- Popular Crypto YouTuber Crypto Geographic Reviewed Solaxy and Its $SOLX Token, Which Has Already Raised a Massive $33 Million in Its Presale
- 2025-06-09 07:50:13
- Solaxy, a new entrant in the blockchain ecosystem, is generating significant interest through its ambitious presale and technical foundations.