Dartmouth College's endowment fund, managing $9 billion in assets, has disclosed multiple cryptocurrency positions in its latest 13F filing with the SEC. The fund holds a combined $14.5 million across three crypto ETFs: Bitwise Solana Staking ETF (BITS), Grayscale Ethereum Staking ETF (ETHS), and BlackRock's iShares Bitcoin Trust (IBIT). This makes Dartmouth the latest Ivy League school to allocate endowment capital to digital assets, following Harvard's earlier move.
Holdings Breakdown: Solana, Ethereum, and Bitcoin Exposure
As of March 31, the endowment's trustees reported approximately $3.3 million in BITS, $3.5 million in ETHS, and $7.7 million in IBIT. Compared to its January filing, the fund has shifted its crypto allocation. The IBIT position dropped from over $10 million to $7.7 million, while the previously held Grayscale Ethereum Mini Trust (ETH) was replaced by the staking-enabled ETHS, signaling a preference for yield-generating products.
Ivy League Institutions Gradually Embrace Crypto
Dartmouth began buying crypto assets as early as 2025, making it one of the first U.S. university endowments to enter the space. Harvard's $57 billion endowment also disclosed holdings of BlackRock's Bitcoin ETF and Ethereum trust in its January 13F filing. Since the SEC approved the first spot Bitcoin ETF in January 2024, it has cleared spot ETFs for Ethereum, Solana, Dogecoin, and XRP, with many more applications under review.
Bitcoin ETF Flows See Turmoil as BTC Tests Key Moving Average
The disclosure comes amid heavy capital swings in spot Bitcoin ETFs. A single-day net outflow of $635 million was recorded, the largest since January. On January 29, Bitcoin and Ethereum ETFs combined saw over $800 million in net outflows, driven largely by withdrawals from BlackRock's IBIT. At press time, Bitcoin traded at $81,237, up 2% in 24 hours, briefly touching the 200-day exponential moving average (EMA) — a key dynamic support level. However, BTC remains well below its 365-day EMA and the all-time high of approximately $126,000 set in October 2025.