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    Emory University holds $15M in Bitcoin ETFs: filing

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    Emory University has invested $15 million in a Bitcoin exchange-traded fund (ETF), making it the first public university to hold such shares. The university currently owns roughly 2.7 million shares in the Grayscale Bitcoin Mini Trust. According to Bloomberg ETF analyst Eric Balchunas, this investment move has seen Bitcoin ETF shares receive attention from various institutions including endowments, banks, and insurance companies. The introduction of Bitcoin ETFs has popularized Bitcoin investment, with 13 of the 25 largest ETF launches in 2024 being crypto funds.

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    Emory University has banked a whopping $15 million worth of shares in a Bitcoin exchange-traded fund (ETF), according to a document filed on October 25. This move makes Emory the first university endowment to publicly hold Bitcoin ETF shares, says Bloomberg ETF analyst Eric Balchunas in a post on the X platform on October 28.

    Emory owns close to 2.7 million shares in the Grayscale Bitcoin Mini Trust (GBTC), valued at roughly $15.1 million when the document was filed. “With Emory hopping in, every type of institution has now invested in the Bitcoin ETF market. We’re seeing endowments, banks, insurance companies, advisors, pensions, holding companies, trusts, family offices, and brokerages all get involved,” says Balchunas.

    The introduction of Bitcoin ETFs in January has done a great deal to make Bitcoin a more popular type of investment, causing more institutions to hop on board.

    The State of Michigan Retirement System also recently invested in a Bitcoin ETF provided by ARK 21Shares. The shares were worth about $6.6 million at the time, which is a small fraction of the fund’s total assets.

    Crypto funds took up 13 of the 25 biggest ETF launches in 2024 by the amount of money put in, according to Nate Geraci, president of The ETF Store, in a post on the X platform.

    “Bitcoin has been the star of the ETF scene this year, making up six of the top 10 most fruitful launches in 2024,” Geraci said in an X post.

    A few Ether (ETH) ETFs launched in July have already reeled in over $1 billion. Now, they’re seeking to register ETFs for other crypto, including Solana (SOL) and XRP.

    In July, the Cboe securities exchange requested permission to list SOL ETFs planned by VanEck’s and 21Shares’. Both Canary Capital and Bitwise made filings in October for proposed XRP ETFs.

    Source: Cointelegraph

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