Ivy League Brown University With $7.2 Billion Endowment Discloses $4.9 Million BlackRock Bitcoin ETF Investment

Brown University, an Ivy League institution with a $7.2 billion endowment, has disclosed an investment of approximately $4.9 million in BlackRock’s spot Bitcoin ETF (IBIT). This marks Brown as the third college endowment to hold Bitcoin exposure through this financial vehicle. The investment was revealed in the university’s latest quarter-end filing, highlighting a growing trend among universities to incorporate cryptocurrency assets into their portfolios, although the Bitcoin allocation remains less than 1% of Brown’s total endowment. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant