Emory University Increases Investment in Cryptocurrency
In a notable move reflecting its confidence in cryptocurrency investments, Emory University in Georgia has significantly increased its investment in Grayscale’s Bitcoin Mini Trust ETF. According to a Form 13F filing with the Securities and Exchange Commission, the university now holds more than 1 million shares of this exchange-traded fund, valued at approximately $51.8 million. This increase is a direct doubling of their previous stake, as the institution added 487,636 additional shares worth around $25 million since the second quarter of this year.
Background on Emory’s Investment
Emory first made headlines in October 2024 by becoming one of the pioneering universities in the United States to disclose its investment in a Bitcoin ETF, initially acquiring a position of $15 million in the Grayscale Bitcoin Mini Trust ETF at that time.
Details of the Grayscale Bitcoin Mini Trust ETF
The Grayscale Bitcoin Mini Trust ETF, which trades under the ticker BTC, launched in July 2024 as a more cost-effective alternative to Grayscale’s original Bitcoin Trust ETF (GBTC), which has been trading since January 2024. This Mini Trust ETF offers a lower management fee of 0.15%, compared to the higher 1.5% charged by its predecessor, positioning itself as the most economical option for investment in Bitcoin through Grayscale.
Emory’s Broader Investment Strategy
In addition to its significant holdings in Grayscale, Emory also maintains a smaller investment in BlackRock’s iShares Bitcoin ETF (IBIT), holding 4,450 shares valued at around $290,000. This position has remained unchanged since it was first reported in the second quarter.
Market Dynamics of Bitcoin ETFs
The broader landscape of Bitcoin ETFs has seen significant volatility, with Grayscale’s ETFs recording a staggering outflow of over $21.3 billion throughout 2024, according to recent data from CoinShares. Conversely, BlackRock’s iShares ETFs have proven to be more resilient, capturing approximately 80% of the total Bitcoin ETF inflows last year, which amounted to an estimated $48.7 billion. As of 2025, Grayscale has faced further outflows totaling $2.5 billion, while the iShares Bitcoin ETFs have attracted notable inflows of $37.4 billion, showcasing the competitive dynamics within the cryptocurrency investment space.
