Brown University now holds 105,000 shares of BlackRock’s IBIT ETF, marking its first exposure to bitcoin. This investment, valued at about $5.8 million, represents a strategic diversification of its $7.2 billion endowment. This move reflects a shifting attitude toward cryptocurrencies among U.S. universities, signalling a gradual acceptance of digital assets in institutional portfolios.
In a significant shift towards cryptocurrency, Brown University has announced its entry into the bitcoin market, with a notable investment in BlackRock’s Bitcoin IBIT ETF. This was revealed through a recent SEC filing, marking the university’s first direct exposure to digital currencies. The filing disclosed that Brown holds 105,000 shares of the ETF, which is valued at approximately 5.8 million dollars, thanks to recent gains in bitcoin prices.
