Market Cap
24h Vol
10071
Cryptocurrencies
58.26%
Bitcoin Share

Ivy League's Brown University Becomes 3rd US College to Invest $4.9M in Bitcoin ETF, Allocating 2%

Ivy League's Brown University Becomes 3rd US College to Invest $4.9M in Bitcoin ETF, Allocating 2%


The Defiant
2025-05-02 18:05:11

Brown University, an Ivy League institution, has disclosed a new investment in the IBIT Bitcoin ETF, acquiring 105,000 shares valued at $4.9 million as reported in its latest 13F filing. This position, representing a 2% allocation in their portfolio, was established sometime between January and March of this year. The university's endowment, valued at $7.2 billion, marks this as its first foray into Bitcoin, making Brown the third US college to invest in the cryptocurrency. The filing disclosed a total of 14 positions, indicating a growing trend of institutional adoption of cryptocurrency. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.