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| Bitcoin Review |
Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
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Don't Listen To Hype
Harvard University sharply increased its Bitcoin exposure in Q3, raising its stake in BlackRock’s iShares Bitcoin Trust to 6.8 million shares worth about $443 million, up from 1.9 million shares in Q2. Though small compared with Harvard’s $56.9 billion endowment, the move signals a growing institutional acceptance of Bitcoin ETFs as regulated investment vehicles. Other universities, including Brown and Emory, have also expanded their Bitcoin ETF holdings, with Emory doubling its stake in the Grayscale Bitcoin Mini Trust to $52 million. These disclosures come despite a volatile week for Bitcoin and significant outflows from spot Bitcoin ETFs, indicating that university endowments are taking a longer-term view of the asset.
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