JUST IN: Brown University Buys $4.9M of BlackRock’s Bitcoin ETF ($IBIT)
Rhode Island’s Ivy League school, Brown University, has revealed a $4.9 million investment in BlackRock’s spot Bitcoin ETF (IBIT) — signaling yet another major institution stepping into crypto.
Launched in early 2024, IBIT has already smashed records with over $50B AUM, becoming a favorite among traditional investors looking for regulated BTC exposure.
Brown’s move follows other big players, like the State of Wisconsin, which added nearly $100M of IBIT earlier this year.
Bitcoin ETFs are no longer fringe — they’re going Ivy.
Could we be witnessing the next wave of institutional adoption? $BTC