Emory University Expands Bitcoin ETF Holdings Amid Market Shifts

According to Cointelegraph, Emory University, a prominent private research institution in Georgia, has significantly increased its investment in Grayscale Investments' Bitcoin Mini Trust ETF. The university's holdings have surpassed one million shares, valued at approximately $51.8 million, as revealed in the quarterly Form 13F report submitted to the Securities and Exchange Commission. This marks a substantial increase from the second quarter of the year, with Emory doubling its position by acquiring an additional 487,636 shares worth around $25 million. Emory University initially entered the Bitcoin ETF market in October 2024, becoming one of the first U.S. universities to disclose such holdings. At that time, it reported a $15 million stake in the Grayscale Bitcoin Mini Trust ETF. The Mini Trust ETF, launched in July 2024 under the ticker symbol BTC, is a derivative of Grayscale's original Bitcoin Trust ETF (GBTC), which began trading in January 2024. The Mini Trust ETF is distinguished by its lower annual management fee of 0.15%, compared to the 1.5% fee of the original GBTC ETF. It was introduced through an initial seeding process that involved distributing 10% of GBTC's underlying Bitcoin. In addition to its substantial investment in Grayscale's Bitcoin Mini Trust ETF, Emory University holds 4,450 shares of BlackRock's iShares Bitcoin ETF (IBIT), valued at approximately $290,000. This investment was disclosed in the second quarter, with no changes reported since then. Grayscale's Bitcoin ETFs have experienced significant investor outflows, losing over $21.3 billion in 2024, according to CoinShares data. Conversely, BlackRock's iShares Bitcoin ETFs have been a major contributor to Bitcoin ETF inflows, accounting for at least 80% of the total inflows last year, estimated at $48.7 billion. In 2025, Grayscale's Bitcoin ETFs have continued to face challenges, with $2.5 billion in outflows, while BlackRock's iShares Bitcoin ETFs have attracted $37.4 billion in inflows, as per the latest CoinShares update. This trend highlights the shifting dynamics within the Bitcoin ETF market, with Emory University's strategic investments reflecting broader market movements and investor preferences.