Today, Emory University has reported a substantial investment in Grayscale Bitcoin Mini ETF. The university has invested more than $15 million in this Bitcoin ETF investment product. Moreover, it became the first U.S. university to report its exposure into Bitcoin.
Grayscale Bitcoin Mini ETF Gains Major Investment
According to an SEC filing dated October 25, he Emory University reported owning $15,082,241 worth of shares (2,678,906 shares) as of September 30. This highlights a growing trend among institutional investors embracing digital assets, particularly crypto ETFs.
The timing of this revelation aligns with a broader positive sentiment in the spot Bitcoin ETF market. On Thursday, October 24, spot Bitcoin ETF flows showed promising signs, with total inflows reaching $188 million.
Among these, BlackRock’s iShares Bitcoin Trust (IBIT) attracted an impressive $165.5 million, while Bitwise’s Bitcoin Strategy ETF (BITB) garnered $29.6 million. In contrast, Grayscale’s Bitcoin Trust (GBTC) experienced an outflow of $7.1 million. Meanwhile, other BTC ETFs, including Grayscale’s Bitcoin Mini Trust, recorded zero flows.
A Look At BTC Mini Trust Launch
This renewed interest in Bitcoin ETFs can be traced back to the recent launch of Grayscale’s Bitcoin Mining Trust on July 31, 2024. The new fund initially saw an influx of $18 million on its launch day. This was followed by a staggering $191 million in inflows on its second trading day. This surge reignited enthusiasm for spot Bitcoin ETFs, which had been waning amid market fluctuations at the time.
As institutional investment in Bitcoin continues to grow, Emory University’s involvement with Grayscale’s BTC Mini Trust signifies an important step toward mainstream acceptance of cryptocurrencies. Moreover, BlackRock’s IBIT registered a trading volume of more than $2 billion today, reflecting a bullish momentum in the market.
Read the full article here
