Overview
- The endowment’s Form 13F, made public in mid-August, shows the three crypto ETF positions were worth about $12.4 million on June 30, down roughly $2.2 million from the March 31 filing.
- Dartmouth reported identical share counts for BlackRock’s IBIT, Grayscale’s Ethereum Staking ETF, and Bitwise’s Solana Staking ETF on both quarter-ends, so the decline reflects lower market prices rather than reported sales.
- The college added the Bitwise Solana Staking ETF and converted its Grayscale Ethereum holding into a staking variant, indicating a move toward products that pay staking rewards in addition to price exposure.
- Those three ETF positions equal only about 0.14% of Dartmouth’s roughly $9 billion endowment, showing the allocation is experimental and tightly limited within the portfolio.
- The filings underscore a broader trend of institutions using regulated ETF wrappers for crypto exposure and highlight divergent approaches among peers, with some endowments reducing or exiting positions while Dartmouth keeps a small, yield-focused stake.