Dartmouth endowment’s crypto exposure drops by $2M amid falling prices
60-second summary
The Dartmouth endowment's crypto exposure has decreased by $2 million amid falling prices, with the value of its holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF, and BlackRock's iShares Bitcoin ETF dropping to approximately $12 million. This decline reflects the broader market downturn affecting institutional investors, potentially impacting long-term investment strategies and market sentiment.
The value of the university endowment’s holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF dropped to about $12 million.