Emory University has reported holding Bitcoin exchange-traded fund (ETF) shares worth over $15 million, according to a regulatory filing on October 25. This positions Emory as the first college endowment in the United States to make such a disclosure. Specifically, Emory possesses nearly 2.7 million shares of the Grayscale Bitcoin Mini Trust (GBTC), valued at approximately $15.1 million at the time of the filing. Eric Balchunas, a Bloomberg ETF analyst, highlighted the significance of this move, stating that the inclusion of institutional investors in Bitcoin ETF 13Fs demonstrates broad acceptance of Bitcoin as an asset class. The introduction of Bitcoin ETFs earlier in the year has contributed to the legitimacy of Bitcoin, prompting interest among institutional investors. Additionally, the State of Michigan Retirement System invested in a different Bitcoin ETF that was reported to be worth around $6.6 million, reflecting a growing trend of institutional interest in cryptocurrency assets. Throughout 2024, Bitcoin has been prominent within ETFs, accounting for six of the ten most successful launches, amid notable inflows and new plans for Ether and other token ETFs.

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