UTXO Management: Bitcoin Is Becoming a Capital Asset in Institutional Portfolios
- —A 2.5% BTC allocation over 10 years added 200+ bps of excess return and 80 bps of drawdown
- —Two-thirds of bitcoin's volatility came on the upside, offering positive asymmetry
- —Spot ETFs launched in early 2024, so institutions lack a three-year track record
- —UTXO Management launched a preferred-income strategy built on perpetual preferred shares
Why it matters: Framing bitcoin as a capital asset and building income products around it could accelerate institutional allocations and capital inflows.
Source: TokenPost