search
Homeweb3.0Emory University Makes History by Acquiring $15M Worth of Bitcoin (BTC) ETF Shares

Emory University Makes History by Acquiring $15M Worth of Bitcoin (BTC) ETF Shares

Oct 29, 2024 pm 12:58 PM
Bitcoin ETFEmory University $15 Million Investment

This positions Emory as the first college endowment to report holding shares in a BTC ETF, noted Eric Balchunas, a Bloomberg ETF analyst.

Emory University Makes History by Acquiring M Worth of Bitcoin (BTC) ETF Shares

Emory University has disclosed a recent acquisition of Bitcoin (BTC) exchange-traded fund (ETF) shares, valued at over $15 million, according to a regulatory filing on October 25. This marks the first time a college endowment has reported holding shares in a BTC ETF, as noted by Eric Balchunas, a Bloomberg ETF analyst, in an October 28 post on the X platform.

The filing shows that Emory holds nearly 2.7 million shares of Grayscale Bitcoin Mini Trust (GBTC), which were valued at approximately $15.1 million at the time of the disclosure. Balchunas highlighted that this development now positions every type of institution to be represented in BTC ETF 13Fs, which are public disclosures that large US investment managers are required to file quarterly.

The introduction of Bitcoin ETFs in January has played a key role in legitimizing BTC as an asset class, leading to widespread adoption among institutional investors. The State of Michigan Retirement System also reported investments in a spot Bitcoin ETF offered by ARK 21Shares, with the shares valued at around $6.6 million at the time of filing, a small fraction of the fund’s extensive assets.

According to Nate Geraci, president of The ETF Store, in a post on the X platform, cryptocurrency funds have been a major driving force in the ETF market, accounting for 13 of the 25 largest ETF launches in 2024 by inflows through August. Moreover, Bitcoin has been a dominant presence in the ETF landscape this year, with six of the top 10 most successful launches in 2024 being Bitcoin ETFs, Geraci added.

In addition to Bitcoin ETFs, several Ether (ETH) ETFs launched in July have attracted over $1 billion in net inflows to date. ETF issuers are now seeking to register ETFs for other tokens, including Solana (SOL) and XRP. In July, securities exchange Cboe applied for regulatory approval to list VanEck’s and 21Shares’ planned SOL ETFs. Later in October, ETF issuers Canary Capital and Bitwise both filed for proposed XRP ETFs.

The above is the detailed content of Emory University Makes History by Acquiring $15M Worth of Bitcoin (BTC) ETF Shares. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin (BTC) Soars Past $90,000, But Headwinds Persist That Could Cap Further UpsideBitcoin (BTC) Soars Past $90,000, But Headwinds Persist That Could Cap Further UpsideApr 23, 2025 am 11:22 AM

Bitcoin (BTC) surged past $91,000 on Tuesday, climbing nearly 5% amid renewed investor optimism and fresh hopes of a thaw in U.S.-China trade tensions,

As XRP Seemed to Gain Clearer Federal Standing, a New Oregon Lawsuit Targeting Crypto Exchange Coinbase Stirs Fresh ConcernsAs XRP Seemed to Gain Clearer Federal Standing, a New Oregon Lawsuit Targeting Crypto Exchange Coinbase Stirs Fresh ConcernsApr 23, 2025 am 11:20 AM

As XRP seemed to gain clearer federal standing, a new Oregon lawsuit targeting crypto exchange Coinbase stirs fresh concerns about potential state-level clampdowns.

Cardano (ADA) vs Ethereum (ETH): Early Proof-of-Stake and Network DesignCardano (ADA) vs Ethereum (ETH): Early Proof-of-Stake and Network DesignApr 23, 2025 am 11:18 AM

Cardano launched with a proof-of-stake (PoS) system. Ethereum originally used proof-of-work and switched to PoS years later.

XploraDEX (XPL) Token Distribution Begins, Signaling the Platform's Transition to Active DeploymentXploraDEX (XPL) Token Distribution Begins, Signaling the Platform's Transition to Active DeploymentApr 23, 2025 am 11:16 AM

ZURICH, April 22, 2025 (GLOBE NEWSWIRE) — The long-awaited $XPL token distribution has officially begun, signaling a pivotal moment in the XploraDEX journey

Chainlink (LINK) Is Again in the Spotlight Amidst Price DiscoveryChainlink (LINK) Is Again in the Spotlight Amidst Price DiscoveryApr 23, 2025 am 11:14 AM

Decentralized blockchain oracle network Chainlink (LINK) is again in the spotlight amid price discovery.

UXLink is excited to announce its strategic partnership with SolV protocol to unite decentralized technology and traditional finance.UXLink is excited to announce its strategic partnership with SolV protocol to unite decentralized technology and traditional finance.Apr 23, 2025 am 11:12 AM

UXLink is excited to announce its strategic partnership with SolV protocol to unite decentralized technology and traditional finance.

BlackRock's Spot Bitcoin ETF (IBIT) Records a Massive $4.2 Billion in Trading Volume TodayBlackRock's Spot Bitcoin ETF (IBIT) Records a Massive $4.2 Billion in Trading Volume TodayApr 23, 2025 am 11:10 AM

BlackRock’s spot Bitcoin ETF, IBIT, recorded a massive $4.2 billion in trading volume today as the price of Bitcoin soared above $90,000 for the first time since early March

India's Crypto Investors Shift From Long-Term Holdings to High-Frequency Trading of Meme CoinsIndia's Crypto Investors Shift From Long-Term Holdings to High-Frequency Trading of Meme CoinsApr 23, 2025 am 11:08 AM

CoinSwitch, India's largest crypto trading platform, has released fresh insights into the investment and trading behavior of Indian crypto investors for Q1 2025.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!