Emory University has invested over $15 million in the Grayscale Bitcoin Mini ETF, making it the first U.S. university to disclose its exposure to Bitcoin. This reflects a growing trend of institutional investors embracing digital assets and crypto ETFs. The timing of Emory University's investment coincides with a positive sentiment in the spot Bitcoin ETF market, with total inflows reaching $188 million. BlackRock's iShares Bitcoin Trust and Bitwise's Bitcoin Strategy ETF attracted significant inflows, while Grayscale's Bitcoin Trust saw an outflow. The launch of Grayscale's Bitcoin Mining Trust earlier this year sparked renewed interest in spot Bitcoin ETFs. Emory University's involvement with the Grayscale BTC Mini Trust is seen as a significant step towards mainstream acceptance of cryptocurrencies. Additionally, BlackRock's IBIT has registered a trading volume of over $2 billion, indicating a bullish market momentum.
- Content Editor ( cryptonewsz.com + 1 more )
- 2024-10-25
Grayscale Bitcoin Mini ETF Bags $15M from Major Investor