Emory University Joins Bitcoin ETF Rush, Reporting $16M Holding in Grayscale Vehicle
Summary
Emory University, based in Atlanta, has invested over $15 million in the Grayscale Bitcoin Mini Trust (BTC), marking the first endowment to publicly report bitcoin exposure. The university also holds 4,312 shares of Coinbase, valued at $922,639 million. Emory's total assets are $21 billion as of August 2023. Endowments typically prefer risk-averse investments, making this bitcoin ETF allocation significant. Pension funds like the State of Wisconsin and Jersey City's municipal pension plan have also invested in bitcoin ETFs. Grayscale’s mini BTC fund, despite a late start, ranks sixth in assets under management with $2.3 billion.
