Dartmouth's $9B Endowment Reveals Solana ETF Position, Total Crypto Holdings Reach $14M
Investment managers for the Ivy League institution reported positions in cryptocurrency exchange-traded funds from Bitwise, Grayscale, and BlackRock, including new Solana exposure.
Dartmouth College, an Ivy League institution with a $9 billion endowment, has revealed fresh cryptocurrency-linked investments, expanding its digital asset holdings beyond the positions it maintained in January.
According to a filing submitted to the US Securities and Exchange Commission (SEC) on Thursday, Dartmouth College trustees disclosed that the university's endowment maintained approximately $3.3 million in the Bitwise Solana staking exchange-traded fund (ETF).
Additionally, the trustees revealed holdings worth roughly $3.5 million in the Grayscale Ethereum staking ETF alongside approximately $7.7 million invested in BlackRock's iShares Bitcoin ETF.
These holdings represent a shift in the endowment's digital asset allocation when compared to figures from January, during which period the identical share count of BlackRock's Bitcoin ETF carried a valuation exceeding $10 million, while the fund maintained approximately $5 million in the Grayscale Ethereum Mini Trust ETF.
The original cryptocurrency allocation by Dartmouth, which the institution reported acquiring in 2025, represents yet another instance of a US university endowment embracing digital asset exposure. Harvard University, boasting an endowment valued at approximately $57 billion in 2025, disclosed positions in both BlackRock's iShares Bitcoin Trust and Ethereum Trust during January.
In January 2024, the SEC initially authorized the listing of spot ETFs connected to Bitcoin, which included products such as BlackRock's iShares Bitcoin Trust and the Bitwise Bitcoin ETF. Following that milestone, the regulatory body has approved ETFs linked to Ether, Solana, Dogecoin, XRP, while continuing to evaluate additional applications.
Bitcoin ETFs record largest daily outflow since January
This SEC disclosure arrived on the heels of Bitcoin-linked ETFs experiencing outflows totaling $635.2 million in a single day, representing the most substantial withdrawal since January. On Jan. 29, these investment vehicles saw more than $800 million in losses, primarily driven by withdrawals from BlackRock's iShares Bitcoin Trust.
At the time of publication, Bitcoin was trading at $81,237, reflecting approximately 2% growth over the preceding 24 hours, reaching the 200-day exponential moving average (EMA), which serves as a dynamic support level.
Nevertheless, even with this recent price increase, BTC continues to trade significantly beneath the 365-day EMA and remains far from the all-time high of approximately $126,000 that was achieved in October 2025.