{"id":98194,"date":"2024-10-28T20:44:26","date_gmt":"2024-10-29T00:44:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98194"},"modified":"2024-10-28T20:44:30","modified_gmt":"2024-10-29T00:44:30","slug":"emory-university-holds-15m-in-bitcoin-etfs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/emory-university-holds-15m-in-bitcoin-etfs\/","title":{"rendered":"Emory University Holds $15M in Bitcoin ETFs"},"content":{"rendered":"\n

Emory University has revealed it holds over $15 million in Grayscale Bitcoin Mini Trust (GBTC) shares, making it the first collegiate endowment to invest in a Bitcoin ETF<\/a>.<\/p>\n\n\n\n

\"Emory
Emory University Holds $15M in Bitcoin ETFs<\/figcaption><\/figure>\n\n\n\n

Emory University has accumulated Bitcoin ETF shares worth more than $15 million, according to a regulatory filing on October 25th. Eric Balchunas, an analyst for Bloomberg ETFs, stated in an article on the X platform on October 28th that Emory University is the first collegiate endowment to declare holding shares in a Bitcoin ETF.<\/p>\n\n\n\n

The statement reveals that Emory owned nearly 2.7 million shares of Grayscale Bitcoin Mini Trust (GBTC),<\/a> valued at nearly $15.1 million, at the time of filing. In reference to the public disclosures that large US investment managers are required to publish on a quarterly basis, Balchunas stated, “With that, every institution type is now represented in the Bitcoin ETF 13Fs.” <\/p>\n\n\n\n

This includes endowment funds, banks, hedge funds, insurance companies, advisors, pension funds, private equity firms, holding companies, trusts, family offices, and brokerage firms.<\/p>\n\n\n\n

Bitcoin exchange-traded funds (ETFs) came into existence in January, which contributed to the legitimization of Bitcoin as an asset class and sparked broad acceptance among institutional investors.<\/p>\n\n\n\n

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Source: Eric Balchunas<\/figcaption><\/figure>\n\n\n\n

The State of Michigan Retirement System disclosed investments in a spot Bitcoin exchange-traded fund (ETF) that ARK 21Shares<\/a> marketed. During the time that the application was submitted, the value of the shares was approximately $6.6 million, which is a relatively modest proportion of the billions of dollars that the fund possessed in assets.<\/p>\n\n\n\n

Nate Geraci, president of The ETF Store and an investment consultant, posted on the X platform that cryptocurrency funds launched thirteen of the twenty-five largest exchange-traded funds in 2024 based on fund inflows through the month of August.<\/p>\n\n\n\n

According to a post that Geraci made on X, Bitcoin has effectively dominated the exchange-traded fund (ETF) landscape this year, accounting for six of the top ten most successful launches in 2024.<\/p>\n\n\n\n

The month of July saw the introduction of multiple Ether exchange-traded funds (ETFs),\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> which have since attracted net inflows totaling more than one billion dollars. At this time, issuers are striving to establish exchange-traded funds (ETFs) for other tokens, such as Solana and XRP. <\/p>\n\n\n\n

Cboe, a securities exchange, submitted a request to regulators in July, requesting approval to list the SOL exchange-traded funds created by VanEck and 21Shares.Canary Capital and Bitwise, both of which are ETF issuers, submitted their proposals for XRP exchange-traded funds in the month of October.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emory University has revealed it holds over $15 million in Grayscale Bitcoin Mini Trust (GBTC) shares, making it the first collegiate endowment to invest in a Bitcoin ETF. Emory University has accumulated Bitcoin ETF shares worth more than $15 million, according to a regulatory filing on October 25th. Eric Balchunas, an analyst for Bloomberg ETFs, […]<\/p>\n","protected":false},"author":62,"featured_media":98200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[1613,22598,12177],"class_list":["post-98194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-etf","tag-emory-university","tag-gbtc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/images-82.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=98194"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/98200"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}