U.S. Endowments Dive into Crypto as Bitcoin Soars to New Heights

From Dorms to Digital: Universities & Foundations Embrace Crypto Boom
Fear of Missing Out: U.S. Endowments Boost Crypto Investments Amid Bitcoin Surge
Rockefeller Foundation & Top Universities Eye Bigger Crypto Exposure
Crypto Goes Ivy League: U.S. Endowment Funds Bet Big on Bitcoin

U.S. endowment funds are significantly increasing their exposure to cryptocurrencies as digital assets continue to surge to new record highs, according to a report from The Financial Times.

Franklin Bi, a general partner at Pantera Capital, highlighted a “huge shift” in interest from endowments and foundations, noting that just five years ago, these institutions had “minimal participation” in crypto. Pantera Capital declined to comment further when approached by CoinDesk.

📈 Bitcoin’s Meteoric Rise Fuels Institutional Interest

Since 2020, Bitcoin (BTC) has skyrocketed from around $7,000 to approximately $97,900, driven by factors such as the launch of Bitcoin Exchange-Traded Funds (ETFs) and the election of crypto-friendly U.S. President Donald Trump. This surge has sparked FOMO (Fear of Missing Out) among institutional investors eager to capitalize on crypto’s growth potential.

🏫 Universities and Foundations Enter the Crypto Space
Emory University (Georgia) disclosed in October that it holds millions of dollars in Grayscale’s Bitcoin ETF.
The University of Austin announced in May its plan to raise a $5 million Bitcoin fund as part of its $200 million endowment.
The Rockefeller Foundation, with assets totaling $4.8 billion, is actively exploring an increase in its crypto investments after venturing into crypto venture funds in 2023.

Chun Lai, Chief Investment Officer at the Rockefeller Foundation, told the FT,

“We don’t want to be left behind when their potential materializes dramatically.”

While the foundation declined to comment further to CoinDesk, this statement underscores the growing recognition of crypto’s long-term value among major institutions.

🚀 Crypto’s Growing Influence in Institutional Portfolios

As digital assets continue to gain mainstream acceptance, more universities, foundations, and endowment funds are likely to follow suit, diversifying their portfolios with crypto assets to ensure they stay ahead in the evolving financial landscape.

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