Dartmouth Endowment Adds $3.3 Million Solana ETF, Bringing Crypto Holdings Near $14.5 Million

Dartmouth College’s endowment has expanded its crypto exposure with a new investment in a spot Solana exchange-traded fund.

Cointelegraph reported on May 14 that Dartmouth’s board disclosed in a filing with the U.S. Securities and Exchange Commission that the roughly $9 billion university endowment held about $3.3 million of the Bitwise Solana Staking ETF.

The filing also showed about $3.5 million in the Grayscale Ethereum Staking ETF and roughly $7.7 million in BlackRock’s iShares Bitcoin ETF, IBIT. Dartmouth’s total crypto-related investments amounted to about $14.5 million.

The disclosure indicates the portfolio changed from the investment holdings made public in January. At that time, Dartmouth held more than $10 million of BlackRock’s Bitcoin ETF and about $5 million of the Grayscale Ethereum Mini Trust ETF.

Dartmouth was among the first U.S. university endowments to disclose crypto-related investments in 2025. Since then, U.S. university endowments have shown growing interest in digital assets. Harvard University also disclosed holdings in BlackRock’s Bitcoin and Ethereum ETFs in January.

The SEC approved spot Bitcoin ETFs in January 2024, including BlackRock’s iShares Bitcoin Trust and the Bitwise Bitcoin ETF. It later broadened approvals to include ETFs tied to Ethereum, Solana, Dogecoin and XRP, and continues to review additional products.

Separately, the spot Bitcoin ETF market recorded a sharp outflow on May 14. About $635.2 million left Bitcoin ETFs in a single day, marking the largest daily net outflow since January. More than $800 million was withdrawn on Jan. 29, when BlackRock’s IBIT saw the biggest outflow among the funds.

Bitcoin traded at $81,237 as of publication, up about 2% over the past 24 hours. Even so, it remained below its 365-day exponential moving average and under the record high of about $126,000 set in October 2025.