Dartmouth endowment's crypto holdings plunge $2M amid market downturn

Dartmouth College's $9 billion endowment saw its cryptocurrency holdings drop by over $2 million in just three months, according to SEC filings. The value of investments in Bitwise Solana staking ETF, Grayscale Ethereum staking ETF, and BlackRock's iShares Bitcoin ETF fell to approximately $12.4 million by June 30, representing a 15% decrease since March 31. The decline in crypto assets directly mirrors market volatility, with Bitcoin down 7.7%, Solana 9.6%, and Ethereum 10.8% during the period. Despite the drop, the fund's managers maintained the same number of shares in each ETF, suggesting a long-term strategy. This development comes amid growing discussions about traditional institutions' allocation to digital assets and their resilience against market fluctuations.
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