Endowments at Harvard, Brown, and other universities have begun allocating assets to the Bitcoin ETF
Svmuu News: Faced with declining expected returns on traditional assets, several university endowment funds are adjusting their investment strategies and beginning to allocate assets to cryptocurrency ETFs.Harvard University and Brown University have disclosed holdings in the "Bitcoin" and "Ethereum" ETFs in their latest 13F filings. Although these positions are relatively small compared to the overall size of their portfolios, they indicate that digital assets have moved from the fringes of institutional finance into the mainstream toolkit.Kim Lew, CEO of Columbia Investment Management, stated that expected returns and alpha gains from traditional asset classes are set to shrink, forcing institutions to “move further along the risk curve” and explore new strategies.Carlos Rangel of the W.K. Kellogg Foundation pointed out that the traditional endowment model will be unsustainable if it cannot achieve an 8% rate of return. (CoinDesk)
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