As a seasoned researcher with a keen interest in the evolving financial landscape, I find the recent news about institutions like Emory University and the State of Michigan Retirement System investing in Bitcoin (BTC) ETFs intriguing. With my background in economics and technology, I’ve witnessed the transformation of cryptocurrencies from a niche phenomenon to an asset class that’s catching the eye of mainstream investors.
As a financial analyst, I’ve recently discovered that Emory University holds significant shares in Bitcoin Exchange-Traded Funds (ETFs), valued at more than $15 million, based on the information disclosed in a regulatory filing dated October 25th.
In a recent post on October 28th, Eric Balchunas, an analyst at Bloomberg ETF, stated that Emory University is the first college to publicly disclose ownership of shares in a Bitcoin Exchange-Traded Fund (ETF).
As an analyst, I’ve discovered that my holdings include approximately 2.7 million shares in the Grayscale Bitcoin Mini Trust (GBTC), valued at roughly $15.1 million, according to the latest disclosure.
Now, every type of institution – including endowments, banks, hedge funds, insurance companies, advisors, pensions, private equity firms, holding companies, venture capitalists, trusts, family offices, and brokerages – is included in the Bitcoin ETF 13F filings, as Balchunas pointed out, mentioning the mandatory quarterly public disclosures made by large US investment managers.
In January, the appearance of Bitcoin Exchange Traded Funds (ETFs) served to establish Bitcoin as a recognized investment category, leading to increased acceptance among large-scale financial institutions.
The Michigan Retirement System, overseen by the state, has made investments in a specific Bitcoin Exchange-Traded Fund (ETF) provided by ARK 21Shares.
Approximately, the value of the stocks when they were filed stood around 6.6 million dollars – a tiny fraction compared to the funds’ total assets worth billions.
2024 saw cryptocurrency funds comprise nearly half (13 out of 25) of the largest Exchange Traded Fund (ETF) launches up until August, as reported in a post on the X platform by Nate Geraci, who is the president of The ETF Store – an investment advisory firm.
This year, Bitcoin has been the leading force in the ETF sector, with six of the top ten most successful launches being Bitcoin-related, as stated by Geraci in a recent post.
Several Ether (ETH) ETFs launched in July, attracting upward of $1 billion in net inflows to date.
Now, issuers are seeking to register ETFs for other tokens, including Solana (SOL) and XRP.
In July, the securities exchange Cboe petitioned regulatory authorities for approval to list the upcoming Solana ETFs proposed by VanEk and 21Shares.
In October, ETF issuers Canary Capital and Bitwise both filed for proposed XRP ETFs.
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2024-10-28 20:44