The post Emory University Invests Over $15M in Grayscale Bitcoin Mini ETF appeared on BitcoinEthereumNews.com.

SEC filings revealed Emory holds 2,678,906 ETF shares as of September 30. This marks the first public Bitcoin investment by an American university. Emory University recently reported a notable $15 million investment in the Grayscale Bitcoin Mini ETF, marking it as the first American university to publicly disclose Bitcoin holdings. According to filings with the U.S. Securities and Exchange Commission (SEC) dated October 25, Emory held 2,678,906 shares in the ETF, valued at $15,082,241 as of September 30. This investment reflects a growing trend among institutional investors exploring digital assets, particularly cryptocurrency-focused ETFs. Emory’s announcement comes amid a broader institutional interest in crypto-focused funds. Recent spot Bitcoin ETF activity has shown a notable uptick, highlighting investor optimism about the sector. For instance, on October 24, total inflows for Bitcoin ETFs reached $188 million. BlackRock’s iShares Bitcoin Trust (IBIT) alone accounted for $165.5 million, demonstrating high demand. A shift in Institutional Preferences for Bitcoin Investments Meanwhile, Bitwise’s Bitcoin Strategy ETF (BITB) saw $29.6 million in inflows, reflecting a similar pattern. However, Grayscale’s larger Bitcoin Trust (GBTC) saw an outflow of $7.1 million, showing a shift in preferences within institutional circles. Despite these mixed movements, the steady growth in ETF inflows suggests continued confidence in Bitcoin among established financial entities. Grayscale’s Bitcoin Mini Trust has experienced renewed attention, particularly following its launch on July 31, 2024. On its opening day, the fund attracted an impressive $18 million, followed by a substantial $191 million on its second trading day. This strong start helped reignite interest in spot Bitcoin ETFs, which had previously faced challenges due to market volatility.  This trend has been fueled by recent regulatory approvals and increased spot ETF participation. BlackRock’s IBIT also reflected positive momentum, with its trading volume surpassing $2 billion on October 25. As the popularity of Bitcoin…

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Filed under: News - @ October 26, 2024 10:15 am