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Major U.S. universities are making significant investments in Bitcoin ETFs
In a positive move, asset funds from prestigious universities in the U.S. are increasingly investing in Bitcoin ETFs. This indicates a growing acceptance of cryptocurrencies as a strategic investment asset by traditional financial circles.
Expanding investment portfolios with Bitcoin
Specifically, University #Brown has purchased additional shares and currently holds 13 million USD in the BlackRock Bitcoin ETF (IBIT). Similarly, University #harvard owns approximately 1.9 million shares of IBIT, valued up to 116-117 million USD, making Bitcoin one of the university's largest investments.
Not stopping there, University #Emory also entered this market early by purchasing 2.7 million shares of Grayscale Bitcoin Mini Trust, valued at over 15 million USD.
These large investments from these reputable educational institutions are a strong signal affirming confidence in Bitcoin's long-term potential. The allocation of a significant portion to digital assets by asset funds, known for their caution, suggests that Bitcoin is gradually being regarded as a portfolio diversification tool and a reliable store of value. This is an important step, paving the way for deeper integration of cryptocurrencies into the traditional financial system.
In a positive move, asset funds from prestigious universities in the U.S. are increasingly investing in Bitcoin ETFs. This indicates a growing acceptance of cryptocurrencies as a strategic investment asset by traditional financial circles.
Expanding investment portfolios with Bitcoin
Specifically, University #Brown has purchased additional shares and currently holds 13 million USD in the BlackRock Bitcoin ETF (IBIT). Similarly, University #harvard owns approximately 1.9 million shares of IBIT, valued up to 116-117 million USD, making Bitcoin one of the university's largest investments.
Not stopping there, University #Emory also entered this market early by purchasing 2.7 million shares of Grayscale Bitcoin Mini Trust, valued at over 15 million USD.
These large investments from these reputable educational institutions are a strong signal affirming confidence in Bitcoin's long-term potential. The allocation of a significant portion to digital assets by asset funds, known for their caution, suggests that Bitcoin is gradually being regarded as a portfolio diversification tool and a reliable store of value. This is an important step, paving the way for deeper integration of cryptocurrencies into the traditional financial system.
👏 Emory University becomes the first university to invest in a bitcoin ETF
This 188-year-old institution became the first higher education institution to invest in a spot bitcoin ETF, acquiring over $15 million in assets through the Grayscale Bitcoin Mini Trust.
💪 While Emory was the first to report ownership of an ETF, other universities, such as Harvard and Yale, have been investing directly in bitcoin through exchanges, including Coinbase, since 2019.
Emory University's investments represent 23% of the university’s portfolio, valued at $66 million.
#emory #UniversityCrypto #cryptomarktemoves
This 188-year-old institution became the first higher education institution to invest in a spot bitcoin ETF, acquiring over $15 million in assets through the Grayscale Bitcoin Mini Trust.
💪 While Emory was the first to report ownership of an ETF, other universities, such as Harvard and Yale, have been investing directly in bitcoin through exchanges, including Coinbase, since 2019.
Emory University's investments represent 23% of the university’s portfolio, valued at $66 million.
#emory #UniversityCrypto #cryptomarktemoves
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