Brown University Invests $4.9 Million in Bitcoin ETF: First U.S. Endowment to Take Position

Brown University has taken a significant step into the world of cryptocurrency by investing $4.9 million in BlackRock’s spot Bitcoin ETF, marking a groundbreaking move for academic endowments. This investment is part of Brown University’s $216 million total holdings and positions it as the first U.S. academic endowment to invest in a Bitcoin ETF. The decision reflects growing mainstream confidence in Bitcoin’s potential as a viable asset for institutions.