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Long wary of bitcoin, American universities are making a quiet but decisive shift. Brown University, a pillar of the Ivy League, has just declared direct exposure to BlackRock’s IBIT ETF. A first, revealed in an official SEC filing, that could redefine endowment fund allocation standards. Why this move now ? What amounts are involved ? And what does this strong signal sent by an academic institution at the heart of a reshaping crypto market reveal ?
In Brief
- Brown University enters the bitcoin market for the first time via BlackRock’s IBIT ETF.
- The university holds 105,000 shares of the ETF, currently valued at about 5.8 million dollars.
- This approach is part of a deliberate diversification strategy mentioned in its 2024 endowment report.
- These choices reveal a profound shift in mindset within the academic world regarding cryptocurrencies.
A first crypto exposure for Brown : facts and figures
Brown University holds 105,000 shares of BlackRock’s Bitcoin IBIT ETF BlackRock. This is the unprecedented information revealed by the latest report regulatory 13F-HR filed with the SEC and dated March 31, 2025.
Such a position, absent from previous quarterly reports, represents an initial value of 4.9 million dollars, currently valued at about 5.8 million dollars, thanks to the recent price rise around 96,000 dollars.
This move marks the university’s very first foray into cryptocurrencies through a regulated investment product, managed by one of the world’s largest asset managers.
Indeed, the decision fits into a clear and complex investment strategy, as indicated in the university’s 2024 endowment report :
Today, a team of professionals leads a diversified strategy that requires a high level of expertise and investment skill.
Brown’s endowment fund, valued at 7.2 billion dollars, remains mainly focused on traditional assets. Moreover, the integration of the IBIT ETF fits within this diversification dynamic, with limited but symbolic exposure to bitcoin. To date, Brown’s portfolio includes :
- Stock listed on major exchanges ;
- Sovereign and corporate bonds ;
- Private investments, including startups and private equity funds ;
- Real estate and land assets ;
- Commodities ;
- And now, indirect bitcoin exposure via a regulated ETF.
This crypto allocation, which represents barely 0.08 % of the overall portfolio, remains marginal in relative value but significant in terms of the signal it sends to the market. It reflects a strategic openness to asset classes previously absent from traditional academic portfolios.
From campuses to crypto : the university ecosystem turns to bitcoin
Brown University is not an isolated exception. Several American institutions have taken a turn toward cryptocurrencies in recent months, often in very different configurations.
The University of Austin (UATX) thus chose, as early as May 2024, a bitcoin-dedicated endowment of 5 million dollars, in partnership with the company Unchained. A direct approach, outside ETF channels, which contrasts with Brown’s.
Others, like Emory University in Atlanta, have opted for more traditional exposure vehicles. Emory held nearly 16 million dollars in bitcoin through the Grayscale Bitcoin Mini Trust in October 2024. Despite a reduction in shares in their latest report, the total valuation is now estimated at 22 million dollars, driven by the rise in the bitcoin price. The university also holds over one million dollars in Coinbase shares, illustrating an expanded commitment to the crypto ecosystem.
These initiatives testify to a clear evolution in the perception of bitcoin within the academic sphere. What was still a marginal bet tends to become a deliberate investment strategy, cautious but more assertive. Unlike Brown, which favors an ETF managed by an institutional player, others opt for direct exposure or more volatile vehicles, indicating notable differences in risk appetite and investment philosophies specific to each institution.
In the medium term, this diversification of approaches could accelerate the normalization of crypto exposure in university institutional portfolios. The growing involvement of universities in bitcoin, whether through ETFs or direct holdings, fosters a legitimization dynamic. While Brown’s initiative remains modest, it adds to a cluster of indicators suggesting that American higher education no longer just observes the crypto universe: it is entering it, slowly but surely, choosing its tools methodically.
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Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
