Brown University Invests $4.9M in Bitcoin ETF

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Brown University has joined the ranks of academic institutions investing in Bitcoin, with a $4.9 million stake in BlackRock’s iShares Bitcoin ETF (IBIT). This move follows similar investments by Emory University and the University of Austin (UATX), signaling growing institutional interest in crypto assets.

  • Brown University holds 105,000 shares of BlackRock's IBIT Bitcoin ETF, valued at $4.915 million in SEC filing.
  • Emory University and UATX have also invested in Bitcoin ETFs, with UATX allocating $5M to a BTC endowment fund.
  • UATX's Chad Thevenot compares crypto investments to stocks and real estate, emphasizing long-term value potential.
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