Harvard, Brown, and Other University Endowments Begin Allocating to Bitcoin ETFs

Odaily News: Faced with declining expected returns from traditional assets, several university endowments are adjusting their investment strategies and beginning to allocate to cryptocurrency ETFs. Harvard University and Brown University have disclosed holdings in Bitcoin and Ethereum ETFs in their latest 13F filings. Although these positions are relatively small compared to their overall portfolios, they indicate that digital assets have moved from the periphery of institutional finance into the mainstream toolkit. Kim Lew, CEO of Columbia Investment Management Company, stated that expected returns and Alpha from traditional asset classes will both compress, forcing institutions to "move further out on the risk curve" and explore new strategies. Carlos Rangel of the W.K. Kellogg Foundation pointed out that if an 8% return cannot be achieved, the traditional foundation model will be difficult to sustain. (CoinDesk)