U.S. Endowment Funds Increase Crypto Exposure Amid Rising Prices
- Bitcoin’s price surged from around $7,000 in 2020 to approximately $97,900.
- The introduction of bitcoin exchange-traded funds (ETFs) contributed to the price increase.
- Emory University disclosed holdings in Grayscale’s bitcoin ETF worth millions.
- The University of Austin is raising a $5 million bitcoin fund for its endowment.
- The Rockefeller Foundation is considering increasing its crypto investments.
With Bitcoin reaching new highs, institutions like Emory University and the Rockefeller Foundation are expanding their involvement in digital assets, reflecting a significant shift in interest over recent years.
Source (2.6)https://www.coindesk.com/policy/2025/02/10/u-s-endowments-are-leaning-into-crypto-ft?rand=52298
