The endowment funds of the United States are increasing their exposure to cryptography as digital assets rise to new maximums, Financial Times reported Sunday.
Franklin BI, general partner of Panther Capital, said that there had been a “great change” in the interest in the digital assets of the endowments and the bases that only five years ago they had reported “minimum participation” in Crypt, according to the report. Panther Capital did not respond to the request for Comments from Coindesk.
Bitcoin (BTC), the largest cryptocurrency, has shot around $ 97,900 from around $ 7,000 in 2020. As its price has reached new heights thanks to the introduction of funds (ETF) quoted by Bitcoin Exchange and the choice of the choice of the President of the United States Crypt Trump, institutions have begun to be lost.
The University of Emory, based in Georgia, in October revealed that it had millions in the Bitcoin ETF in Grayscale. The University of Austin announced in May that it is raising a Bitcoin fund of $ 5 million to contribute to its provision of $ 200 million and the Rockefeller Foundation of $ 4.8 billion is exploring whether or not to increase its exposure to cryptography. The Foundation invested in cryptographic risk funds in 2023.
“We do not want to stay behind when its potential materializes dramatically,” said Chun Lai, Investment Director of the Foundation, to the FT. Rockefeller Foundation did not respond to the request for comments from Coindesk.
