Crypto
Dartmouth Endowment Sees Crypto Exposure Plummet by 15% Amid Market Slump
Dartmouth College's $9 billion endowment saw a significant drop in crypto exposure over the past three months, according to a recent filing with the US Securities and Exchange Commission (SEC).
The value of the endowment's investments in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF, and BlackRock's iShares Bitcoin ETF fell by around 15% since March 31.
This decline is largely attributed to the drop in prices of the underlying cryptocurrencies. Since March 31, the price of Bitcoin (BTC) has fallen 7.7% to $62,915, Solana (SOL) by 9.6% to $75.11, and Ether (ETH) by 10.8% to $1,875.
The university's endowment held approximately $12.4 million worth of these ETFs as of June 30, down from around $14.6 million in March.