Dartmouth invests $14.5 million in BTC and ETH ETFs

Major crypto ETF allocations

According to a recent disclosure filed by Dartmouth College with the U.S. Securities and Exchange Commission (SEC), the amount allocated to crypto ETFs in its endowment portfolio has reached $14.5 million. The details reveal allocations of approximately $3.3 million in the Bitwise Solana Staking ETF, $3.5 million in the Grayscale Ethereum Staking ETF, and $7.7 million in BlackRock’s iShares Bitcoin ETF.

Compared to data released in January, the value of Dartmouth’s BlackRock Bitcoin ETF shares was then above $10 million, and the endowment also held $5 million in the Grayscale Ethereum Mini Trust ETF. The latest update indicates changes in both the types and amounts of digital assets within the university’s portfolio.

American universities turning to crypto assets

Dartmouth’s initial investments in digital assets during 2025 signal a growing interest among U.S. university endowments in the crypto sphere. In January, Harvard University, with a $57 billion endowment, was reported to have taken positions in BlackRock’s Bitcoin Trust and Ethereum Trust offerings. Universities see digital assets as a way to generate long-term income and diversify their investment portfolios.

ETFs see large outflows and Bitcoin’s recent performance

Following the SEC’s approval of spot Bitcoin ETFs in January, the market experienced substantial growth. Nonetheless, a recent wave of outflows saw $635.2 million exit Bitcoin-linked ETFs in a single day—marking the largest outflow since January. On January 29, the figure was even higher, with over $800 million leaving, led by outflows from BlackRock’s iShares Bitcoin Trust.

Data put the price of Bitcoin at $81,237 when this news was published. Over the prior 24 hours, it posted a 2% increase, surpassing its 200-day exponential moving average (EMA), considered a dynamic support level by technical analysts. Even so, Bitcoin still lags behind its 365-day EMA and the all-time high of $126,000 reached in October 2025.

Dartmouth College’s SEC filing reveals an overhaul of its crypto portfolio, with the endowment making significant investments in Bitcoin, Ethereum, and Solana-based ETF products despite recent market fluctuations.

Meanwhile, since the beginning of the year, the SEC has approved ETF applications for leading cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, and XRP, though some applications are still under review.

There has also been a surge of interest in BlackRock’s Bitcoin ETFs among major institutional investors in the U.S., especially industry giants such as JPMorgan, reflecting the finance sector’s growing willingness to integrate digital assets into their portfolios.

Altogether, these developments suggest that institutional investors and prominent fund managers are approaching cryptocurrencies with increasing but cautious interest. University endowments have now become key players seeking to modernize traditional portfolios by tapping into innovative financial instruments.