Emory University Expands Bitcoin and Gold ETF Holdings in Endowment
Emory University has increased its exposure to bitcoin and added gold ETFs to its endowment, signaling a measured move toward alternative assets.
As of September 30, the Georgia-based private research university held over 1 million shares of the Grayscale Bitcoin Mini Trust, valued at roughly $52 million, up from just under 500,000 shares at the end of Q2. Emory first reported a position in the trust in October 2024, initially valued at just over $15 million.
The university’s smaller stake in BlackRock’s spot bitcoin ETF remained steady at approximately $290,000, while a new position in BlackRock’s iShares Gold Trust (IAU) totaled nearly $79 million at the end of Q3.
Emory also slightly increased its stake in crypto exchange Coinbase (COIN) to about 4,500 shares, worth roughly $1.2 million, compared with 4,312 shares held since last year.
Endowments typically favor conservative, long-term strategies to support universities and other nonprofit institutions. Emory’s growing allocations to bitcoin and gold ETFs reflect a cautious but notable embrace of digital assets and hard assets, signaling rising institutional confidence in regulated investment vehicles.
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