Summary
- Emory University reported that it holds more than 1 million shares of the Grayscale Bitcoin (BTC) Mini Trust ETF.
- It added more than 500,000 shares during the third quarter, which is interpreted as a move by institutional investors to adjust portfolios around specific ETF products.
- It noted that the inclusion of ETFs in university endowments is drawing attention as reflecting a flow of traditional institutional capital into the crypto asset market.
Emory University has been confirmed to hold more than 1 million shares of the Grayscale Bitcoin (BTC) Mini Trust ETF. It added more than 500,000 shares during the third quarter alone.
On the 13th (local time), according to CoinDesk, a crypto (cryptocurrency) specialist media outlet, Emory University reported that its holdings of the Grayscale Bitcoin Mini Trust exceeded 1 million shares as of September 30. About half of that was newly purchased during the third quarter.
Meanwhile, BlackRock's Bitcoin ETF holdings showed no change over the same period. This has been interpreted as some institutional investors adjusting their portfolios to focus on specific ETF products.
An increase in institutional ETF holdings is used as an indicator of inflows that indirectly purchase Bitcoin. In particular, the inclusion of ETFs in university endowments is noted as reflecting a flow of traditional institutional capital into the crypto asset market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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