Emory University, located in Atlanta, has disclosed a significant investment in cryptocurrency, holding approximately 2.7 million shares of the Grayscale Bitcoin Mini Trust, valued at about $15.1 million, according to an SEC filing dated October 25.
This positions Emory as one of the few educational institutions to invest in such crypto assets, joining a trend observed among some pension funds in Wisconsin and Jersey City that have also ventured into crypto-based exchange-traded products (ETFs).
The Grayscale Bitcoin Mini Trust, launched in July, is designed to provide passive exposure to Bitcoin prices and is a spin-off of the Grayscale Bitcoin Trust (GBTC).
By offering a lower share price, it allows investors to gain more accurate exposure to Bitcoin’s price movements.
Additionally, Emory reported holding 4,312 shares of Coinbase, valued at $768,269, with Coinbase serving as the custodian for Grayscale’s Bitcoin assets. The data reflects Emory’s investment portfolio as of September 30,
Coinbase has taken a major step toward expanding its decentralized finance (DeFi) presence by bringing onboard the leadership team behind Opyn Markets, a prominent name in the DeFi derivatives space.
Spot Bitcoin ETFs recorded a massive influx of over $1 billion in a single day on Thursday, fueled by Bitcoin’s surge to a new all-time high above $118,000.
Grayscale Investments has called on the U.S. Securities and Exchange Commission (SEC) to allow the launch of its multi-crypto ETF—the Grayscale Digital Large Cap Fund—arguing that further delays violate statutory deadlines and harm investors.
As Bitcoin breaks above $118,000, fresh macro and on-chain data suggest the rally may still be in its early innings.