U.S. Endowments Increase Their Interest in Crypto Investments
Finance/Policy

U.S. Endowments Increase Their Interest in Crypto Investments

U.S. endowment funds are enhancing their investments in cryptocurrencies as the market grows.

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U.S. endowment funds are increasing their exposure to crypto as digital assets reach new heights, according to a report by the Financial Times.

Franklin Bi, a general partner at Pantera Capital, remarked on the significant growth in interest regarding digital assets from endowments and foundations, which had previously shown minimal participation in the crypto market.

Key Points:

  • Emory University disclosed millions in Grayscale’s bitcoin ETF and the University of Austin is raising a $5 million bitcoin fund.
  • Bitcoin’s price surged to about $97,900 from around $7,000 in 2020, partly fueled by bitcoin exchange-traded funds (ETFs) and increased attention on cryptocurrencies due to crypto-friendly political voices like Donald Trump.

Chun Lai, from the Rockefeller Foundation, emphasized the need for institutions to engage in crypto investment to not miss out on its potential growth.

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