Endowment
Endowment funds eye crypto allocations amid tougher return outlook for traditional investments
Lower expected gains from traditional assets have prompted some funds to test bitcoin and ether exposure to diversify portfolios.
Harvard cuts bitcoin exposure by 20%, adds new ether position
The shift may be due to complex market dynamics, potentially reflecting the unwinding of a trade that capitalized on bitcoin treasury companies trading at premiums to their mNAV.
Emory University Joins Bitcoin ETF Rush, Reporting $16M Holding in Grayscale Vehicle
The endowment also reported a modest holding in crypto exchange Coinbase (COIN).
Duke University’s Early Coinbase Investment Could Now Be Worth $500M: Sources
Duke’s direct exposure to Coinbase in one of its early investment rounds has probably increased 100x, two people familiar with the matter said.
