Emory University invested $15.8 million from its endowment into a Bitcoin exchange-traded fund, marking a significant first for college endowments in publicly disclosing such an investment.
Industry analysts hail Emory's decision as a milestone for Bitcoin exchange-traded funds, reflecting growing confidence in cryptocurrency, especially following the approval of these funds in January 2024.
Following the announcement, analysts noted that while other universities have engaged with cryptocurrency, Emory is notable for its public commitment to investing in a Bitcoin fund.
Emory's endowment, surpassing $10 billion, underscores the trend for educational institutions to diversify investments, including an increasing willingness to engage in the cryptocurrency market.
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