Canary

Family

Bitcoin

Emory University has accumulated Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) exchange-traded fund (ETF) shares worth upward of $15 million, according to an Oct. 25 regulatory filing. 
This makes Emory the first college endowment to report holding shares in a BTC ETF, Eric Balchunas, a Bloomberg ETF analyst, said in an Oct. 28 post on the X platform.
Emory holds nearly 2.7 million shares of Grayscale Bitcoin Mini Trust (GBTC) worth nearly $15.1 million at the time of filing, the <a data-ct-non-breakable="null" href="https://www.sec.gov/Archives/edgar/data/1377635/000137763524000025/xslForm13F_X02/usethisfile13F.xml" rel="nofollow noopener" target="_blank" text="null" title="https://www.sec.gov/Archives/edgar/data/1377635/000137763524000025/xslForm13F_X02/usethisfile13F.xml">disclosure</a> shows.
“With that, every institution type is now represented in the btc etf 13Fs (endowment, bank, HF, Ins Co, Advisor, Pension, PE, Holding Co, Vc, Trust, Family Office, Brokerage),” Balchunas said, referring to the public disclosures large US investment managers must file quarterly. 
The emergence of Bitcoin ETFs in January has helped legitimize BTC as an asset class, sparking <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/michigan-pension-fund-bitcoin-etfs" rel="" target="_self" text="null" title="https://cointelegraph.com/news/michigan-pension-fund-bitcoin-etfs">widespread adoption</a> among institutional investors.
<figure>
 <img alt="Investments, Bitcoin Regulation, United States, Ethereum ETF, Bitcoin ETF, ETF" src="https://s3.cointelegraph.com/uploads/2024-10/0192d40c-17be-730c-8bd1-3367b38eb9d5" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/EricBalchunas/status/1850884568553013459" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/EricBalchunas/status/1850884568553013459">Eric Balchunas</a>
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-etfs-primed-cross-1-million-btc-mark-ahead-bullish-november" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-etfs-primed-cross-1-million-btc-mark-ahead-bullish-november">Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds</a>
The State of Michigan Retirement System reported investments in a spot Bitcoin ETF offered by ARK 21Shares.
The approximate value of the shares at the time of filing was roughly $6.6 million — a small percentage of the fund’s billions of dollars in assets.
Cryptocurrency funds accounted for&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-dominates-biggest-2024-etf-launches" rel="" target="_self" text="null" title="https://cointelegraph.com/news/crypto-dominates-biggest-2024-etf-launches">13 of the 25 largest ETF launches in 2024</a>&nbsp;by inflows through August, according to a&nbsp;<a data-ct-non-breakable="null" href="https://x.com/NateGeraci" rel="null" target="null" text="null" title="https://x.com/NateGeraci">post</a>&nbsp;on the X platform by Nate Geraci, president of The ETF Store — an investment adviser.
Bitcoin has dominated the ETF landscape this year, accounting for six of the top 10 most successful launches in 2024, Geraci said in an X&nbsp;<a data-ct-non-breakable="null" href="https://x.com/NateGeraci/status/1849108095198220501https://x.com/NateGeraci/status/1849108095198220501" rel="null" target="null" text="null" title="https://x.com/NateGeraci/status/1849108095198220501https://x.com/NateGeraci/status/1849108095198220501">post</a>.
Several Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="" target="_self" text="null" title="https://cointelegraph.com/ethereum-price">ETH</a>) ETFs launched in July, attracting upward of $1 billion in net inflows to date. 
Now, issuers are seeking to register ETFs for other tokens, including Solana (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/solana-price-index">SOL</a>) and XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/xrp-price-index">XRP</a>).
In July, securities exchange Cboe&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/solana-etf-still-play-despite-cboe-filing-removal-vaneck-exec" rel="null" target="null" text="null" title="https://cointelegraph.com/news/solana-etf-still-play-despite-cboe-filing-removal-vaneck-exec">asked regulators</a>&nbsp;for permission to list VanEck’s and 21Shares’ planned SOL ETFs.
In October, ETF issuers Canary Capital and Bitwise both filed for proposed XRP ETFs. 
Magazine:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-etf-coinbase-honeypot-hackers-government-trezor-ceo/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/bitcoin-etf-coinbase-honeypot-hackers-government-trezor-ceo/">Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO</a>

Emory University holds $15M in Bitcoin ETFs: Filing

Cointelegraph

Other articles published on Oct 28, 2024

Solana Price Predicted To Rise In A Strong October, Cutoshi A Reliable Q4 Hedge For Crypto Traders

Bitpanda considers IPO or sale on the table amid crypto market surge

Cardano Integrates with BitcoinOS and Expands Its Ecosystem

Chainlink and ANZ Collaborate on Private Transactions for Tokenized Real-World Assets

Bitcoin Poised for Rally as Dollar Index Weakens – Analyst

Tron (TRX) and The Jupiter (JUP) Ready to Surge x15 While ZDEX Surprise Traders with Potential to...

Join our free newsletter for daily crypto updates!